US stationery company OfficeMax is considering selling its New Zealand-based subsidiary, Croxley.
OfficeMax is America's third largest office supply company, and generated more than $US7 billion in sales from operations in the US, Canada, Mexico, Australia and New Zealand in 2011.
But sales have been under pressure, and at an investor day in New York, the company outlined its plans to close more stores, shrink existing ones, curb expansion and look for more ways to cut costs.
Chief executive Ravi Saligram says the company is starting to look at how to divest its wholesale business in New Zealand.
He says the company is also looking at ways to better integrate its Australian and New Zealand operations.
The retailer has already closed stores, consolidated call centres in Australia and New Zealand and reduced the number of call centres in the United States.
It also plans to prune its retail store base in the United States by 15 - 20 stores per year in the next few years.