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.
Rename a folder
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In the left navigation pane, right-click the folder, and then click Rename Folder.
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Type a new folder name, and press RETURN .
Note: After you rename a folder, Outlook updates the folder name in any rules that you have created.
Move a folder
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Click the folder you want to move, and drag it to a new location in the navigation pane.
Notes:
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When you drag a folder from one email account to another, Outlook copies the folder to the other account, leaving the original folder in place.
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You can only drag established folders into another folder.
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After you move a folder within an email account, Outlook updates the folder location in any rules that you have created.
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To create a new folder in the folder list, hold down CONTROL, and click an existing folder in the folder list, and then click New Folder.
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See also
Move or copy a message between folders