INDUSTRY REPORT

Office Products market resilience in Q2 2025

Q2 2025 revealed surprising resilience in the Office Products category, defying economic headwinds. While other sectors struggled with pricing pressure and declining conversion, Office Products maintained steady average selling prices and achieved modest sales growth despite minimal inventory expansion.

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Key takeaways

  • Disciplined Inventory Management: Unlike the total industry's 26% inventory surge, Office Products inventory increased just 3.7%, demonstrating exceptional operational efficiency.
  • Superior Fill Rates: Filled units rose 20.7% year-over-year with consistently higher fill rates than previous quarters, showing improved supply chain execution.
  • Price Stability: While many categories saw declining prices, Office Products maintained stable average selling prices as discounting continued to decrease.
  • Efficient Advertising: Ad spend declined 10.2% while sales still grew, indicating better targeting and conversion optimization.
  • Improved In-Stock Performance: Revenue loss due to out-of-stock issues declined 4.6% as RepOOS% fell to 1.6%, reflecting better inventory planning.
  • Conversion Excellence: Traffic growth of 6.9% translated to sales growth, showing improved conversion rates on the digital shelf.