Stationery specialist OfficeMax reported a 0.3% decline in sales to $1.7bn (£1.1bn) for its second quarter ending June 26. Its retail segment experienced a 0.5% fall in sales to $773m (£484m). Like-for-like sales were down by 0.3%.

OfficeMax chairman and chief executive Sam Duncan said: “Based on our performance in the first half of 2010, we are confident in our ability to continue executing on our five-year plan as we transform into an office effectiveness and efficiency solutions company.”

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