Ahead of the Bell: Office retailers feel pressure

Analyst Matthew J. Fassler reduced earnings projections and price targets for Office Depot Inc., OfficeMax Inc. and Staples Inc. Monday, saying the trio will likely be affected by the nation's economic slowdown.

The new estimates were not immediately available.

All three chains have been affected as shoppers trim their discretionary spending as the nation's economy struggles under the weight of the housing market collapse and credit crunch.

Office Depots shares were unchanged at $4.84 in premarket trading Monday while OfficeMax shares held steady at $7.04. Meanwhile, Staples shares were unchanged at $20.