OfficeMax is an American office supplies retailer that was founded in 1988 and is headquartered in the Chicago suburb of Naperville, Illinois. On April 1, 1988, OfficeMax was founded in Cleveland, Ohio, by Bob Hurwitz and Michael Feuer. Hurwitz served as executive chairman and chief executive officer and Feuer was the president and chief operating officer. On July 5, 1988, OfficeMax opened its first retail store in the Golden Gate Shopping Center in Mayfield Heights, Ohio; this location still remains open. Hurwitz left the company in 1993 and Feuer became the chairman and chief executive officer. OfficeMax grew by acquisition with Office World first in November 1990 with Office World executive and Montgomery Ward becoming minority shareholders. In 1990 Office Square stores were purchased from Kmart, in exchange for a 22% equity stake. In 1991, Kmart increased its stake in OfficeMax to 92%.
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