A Collection of Resources To Tell The Story of Staples
It started on May 1, 1986, when the company opened its first store in Brighton, Massachusetts, with backing from private equity firms. Staples Inc is an American office retail company involved in the sale of office supplies and many other related products, via B2B delivery operations, and retail channels.
Asides from selling office supplies and offering tech services, Staples also provides a copy and print center. The services of the center include digital printing, faxing, photocopying, stamps, promotional products, lamination, etc.
Two former employees from the New England retail supermarket founded it, Thomas Stemberg and Leo Kahn.
The idea started one morning in 1985 when Thomas was working on a business proposal. He needed a ribbon for his printer but was unable to buy one because all the shops were closed due to it being Independence Day, and Thomas became very frustrated at the reliance on small stores for important office supplies. From his frustration and his background in retail, he came up with the idea to open an office supply store.
In 1996 the company had reached the “Fortune 500”, as its sales surpassed $3 billion. Soon, it bought the Quill Corporation an online retailer of office supplies for $685 million in cash and stocks.
In 2014, the competition in the e-commerce market grew, and Staples was forced to close down 225 stores in North America. The essence of this was to focus more on e-commerce and cut down $500 million in costs annually.
In the following year 2015, Staples made a move to acquire Office Depot and OfficeMax to increase their net worth and expand, but it was blocked due to antitrust laws by The Federal Trade Commission. Following the failed acquisition, a rival formed between Staples and OfficeMax.
After the purchase fell through, Staples began to make moves to promote its B2B supply business against its brick and mortar outlets.
Staples sold 106 British stores to Hilco Capital for a nominal amount. This was to streamline its international operations after its failed merger. But Hilco stated that once acquired, it would change the name from Staples to Office Outlet, but it would still retain the Staples color scheme.
In 2017, the company was successfully sold to the Sycamore Partners, and then the company split into three different entities sharing the name Staples.
For more on the story of Staples have a look at the unique collection of resources, including information on the company founders, competitors, and a peek into the company’s financials.
Resources
History
Our Story | About Staples.com®
Staples Inc | Encyclopedia.com
History of Staples, Inc. – FundingUniverse
Founders
Thomas G. Stemberg – Wikipedia
Leo Kahn (entrepreneur) – Wikipedia
Executives
Staples CEO and Key Executive Team | Craft.co
STAPLES INC Executive Salaries & Other Compensation | Salary.com
Mission Statement
Staples Mission, Vision & Values | Comparably
Divisions And Subsidiaries.
Exhibit 21.1 Subsidiaries of the Company
Staples Inc Exh 21 List Of Subsidiaries
Ownership and Investors
Sell for $6.9 Billion, and Its New Owner Has an Uphill Battle – The New York Times
It’s official: Staples is no longer a public company
Staples’ Private Equity Owner Loads More Debt On the Company
Facts
Staples- Statistics & Facts | Statista
Reports and Financial Statements
Staples, Inc. | Company Profile | Vault.com
Staples Financials | Markets Insider
Business Strategies
Staples’ Strategy To Improve Business – Business Insider
Staples, Inc. Announces Strategic Plan to Accelerate Growth | Business Wire
Staples’ Rebrand Seen As ‘Complex Solution To A Simple Challenge’
Staples repositions mobile sales strategy with same-day delivery rollout | Retail Dive
Competitors
Staples Competitors | Comparably
Staples Inc Comparisons to its Competitors, Market share and Competitiveness by Segment – CSIMarket
Target Market & Marketing Strategies
Staples Pivots Marketing Away From Retail | PYMNTS.com
Staples Revamps Marketing to Shed Retail Baggage, Makes Ads With No Stores to Be Seen | AdAge
Staples Marketing Mix (4Ps) Strategy | MBA Skool-Study.Learn.Share.
Staples reworks its marketing to target business customers
Products & Services
Have a Look at Our Staples Brand Products at Staples
Learn about Staples Brand products | Staples.com®
Company Culture
Working at Staples: 1,860 Reviews about Culture | Indeed.com
Staples Company Culture | Comparably
Meet Our Core Values – Staples Life
What’s It Like To Work At Staples?
Complaints.
Staples, Inc. | Complaints | Better Business Bureau® Profile
Staples Facing Consumer Fraud Class Action over Points Program
Karim v. Staples, Inc., 210 F. Supp. 2d 737 (D. Md. 2002) :: Justia
Failures
A Failure To Stand Out Led To Staples’ $6.9 Billion Buyout – Retail TouchPoints
Why Staples is a failing company: Staples
Staples Parts Ways with CEO in Latest Aftershock from Failed Merger
Staples sale takes jobs affected by retail failures in 2016 to 26,000 | Business | The Guardian
Successes
Staples’ Successful, Uncomplicated Strategy
The secret to sales success at Staples? A virtual assistant | Fortune
Articles of Interest
Analysis: Staples Inc gets major facelift | OPI – Office Products International
Staff cuts at Staples Inc | OPI – Office Products International
FTC Challenges Proposed Merger of Staples, Inc. and Office Depot, Inc. | Federal Trade Commission
Staples Undergoes Massive Rebrand
Books
Books From Amazon Related To Staples
Google Book Search Related To Staples
The Latest About Staples
Google Searches
Latest Search Results Related To Staples
Latest Image Search Results Related to Staples
News
Latest News Related To Staples