The Company Profile of Staples -See The Complete Story

December 27, 2019 635 views

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.



Our Story | About Staples.com®

Staples Inc. – Wikipedia

Staples Inc | Encyclopedia.com

History of Staples, Inc. – FundingUniverse


Thomas G. Stemberg – Wikipedia

Myra Hart – Wikipedia

Leo Kahn (entrepreneur) – Wikipedia


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


Staples- Statistics & Facts | Statista

Reports and Financial Statements

Bloomberg – Are you a robot?

Staples, Inc. | Company Profile | Vault.com

Staples Financials | Markets Insider

Staples – Forbes

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


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’ New E-commerce Strategy Positions Them Head-To-Head with Amazon – Accorin | Magento e-Commerce Agency | Digital Marketing Agency

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?


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


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


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

The New York Times – Search


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


Latest News Related To Staples


Tweets Related To Staples


Videos Related To Staples