After you create a folder or subfolder in the navigation pane, you can change the folder's name or move it to a different location in the folder list.
Important: You cannot move or rename default folders such as Inbox, Deleted Items, or Calendar.
Do any of the following:
Rename a folder
Hold down CONTROL , click the folder, and then click Rename Folder.
Type a new folder name, and then press RETURN .
Note: After you rename a folder, Outlook updates the folder name in any rules that you have already created.
Move a folder
Click the folder that you want to move, and then drag it to a new location in the navigation pane.
When you drag a folder from one e-mail account to another, Outlook copies the folder to the other account, leaving the original folder in place.
After you move a folder within an e-mail account, Outlook updates the folder location in any rules that you have already created.
To create a new folder in the folder list, hold down CONTROL , and then click an existing folder in the folder list, and then click New Folder.