Grand & Toy is a Canadian e-commerce office supplies chain, founded in 1882 by James Grand as a home-based stationery printing business. It is now a subsidiary of Office Depot, Inc.
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History
Founded in 1882 by James Grand as a home-based stationery printing business. A year later, Grand partnered with his brother-in-law, Samuel Toy, to open their first retail store in Toronto.
In 1996, Grand & Toy was purchased by Boise Office Solutions, later renamed OfficeMax Inc., a US-based international office supplies distributor, for US$104 million. OfficeMax then merged with Office Depot in 2013.
Historically, the company's major competitors have included Office Depot (prior to its merger with OfficeMax) and Staples Inc.'s Canadian division. In early 2015, Staples announced plans to buy the combined Office Depot / OfficeMax, pending various regulatory approvals.
In the early 2000s, Grand & Toy began to close many of its retail stores, especially in Ontario and suburban malls, retaining locations in urban areas close to the company's core business customers. On 23 April 2014, OfficeMax Grand & Toy announced it would be shuttering its remaining 19 retail locations in Alberta, British Columbia, Manitoba, and Ontario to focus on its internet-based retailing service. At the time, 3% of its sales were derived from its retail operations.
In early 2013, the company rebranded as OfficeMax Grand & Toy, as part of an effort by its U.S. parent company to present a unified brand to customers across North America. However, by the end of the year, OfficeMax had merged with U.S. competitor Office Depot. In December 2014, the Canadian operation announced it would rebrand back to simply "Grand & Toy", explaining the reversal as an expression of "confidence in Grand & Toy's brand legacy and a strong commitment to its long-term success".
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Grand & Toy's current social responsibility efforts include waste and recycling programs, green products and services, thought leadership and business insights, and transportation efficiency.
Source of the article : Wikipedia
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