ATLANTA (Reuters) - Office Depot Inc (ODP.N: Quote, Profile, Research) reported a second-quarter loss on Wednesday as a decline in spending by retail consumers and smaller businesses in the United States hurt sales, and it said it would cut store openings this year.

The office supply retailer said it had access to a new credit facility that would aid its liquidity and also said it was "open-minded" to an unsolicited bid of $430 million for its stake in a Mexico joint venture.

The company's shares were down 1.3 percent in afternoon trading.

"While earnings results, in absolute, were quite poor, they were generally in line with expectations, and the lifting of credit concerns and the bid for the Mexico (venture) are incremental positives," Sanford Bernstein analyst Colin McGranahan said in a research note.

Office Depot said it had obtained commitments for a new credit facility in excess of $1 billion that will be in place by the end of the third quarter.

The company had a loss of $2 million, or a penny a share, for the second quarter, compared with earnings of $105.6 million, or 38 cents a share, a year earlier.

Excluding items, earnings were 4 cents a share for the second quarter, 3 cents better than the analysts' average estimate of 1 cent a share, according to Reuters Estimates.

SECTOR WOES

Small business owners and retail consumers have cut back on spending in the weak U.S. economy, bringing pain to the North American office supply sector, which includes Office Depot, OfficeMax Inc (OMX.N: Quote, Profile, Research) and industry leader Staples (SPLS.O: Quote, Profile, Research).