OTHER NEWS - Dec. 5, 1992
From Times Staff and Wire Reports
Kmart Unit Buying BizMart Inc.: Kmart Corp. said its OfficeMax Inc. division is buying the Dallas-based chain of office “superstores” in a deal that propels the retailer toward the top of the office-supply business. Acquisition of the 104-store BizMart chain will make 4-year-old Cleveland-based OfficeMax the No. 2 player behind Office Depot Inc. in the office superstore market with 284 outlets, up from 79 less than a year ago. Office Depot, based in Delray Beach, Fla., has about 290 office superstores--warehouse-sized outlets that offer everything from computers and office furniture to pencils and typing paper.
