OfficeMax
Ticker: OMX
YTD stock performance: -72%
Market cap: $432 million
Fortune 500 rank: 330
These are lean times for OfficeMax. Between 2006 and 2010, sales fell more than $1 billion. Then in 2011, the company disappointed analysts who'd already braced themselves for further drops. In April, Goldman Sachs noted margins fell "well short," and projected a negative outlook based on third-quarter results this fall.
The company still hopes to turn things around, but operating in a competitive sector in a bad economy does not help. OfficeMax told analysts this summer that its hoped-for return to peak operating margins has to be slowed down. Under a new roadmap presented to investors this November, the retailer said it has to take longer to strengthen its foundation and reverse declines at least into 2013.