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 stock.
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, successes, and failures.
Sections Included In this Post:
- The History of Staples
- Staples Founders
- Staples Executives
- The Staples Mission Statement
- Staples Divisions And Subsidiaries
- Staples Ownership And Investors
- Facts About Staples
- Staples Reports And Financial Statements
- Business Strategies Used By Staples
- The Main Competitors of Staples
- Target Market & Marketing Strategies
- Products & Services Offered By Staples
- Staples Company Culture
- Staples Company Complaints
- Staples Failures
- Inside The Success of Staples
- Staples Articles And Stories of Interest
- Books Related to Staples
- Latest Search Results Related To Staples
- Tweets Related To Staples
- Videos Related To Staples
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The History of Staples
A company’s history offers valuable lessons and it’s interesting to find out about a company’s original operations, how it has changed, and the challenges during the startup phase.
Have a look at the selection below to understand more about the history of Staples.
Our Story | About Staples.com®
Staples Inc | Encyclopedia.com
History of Staples, Inc. – FundingUniverse
Staples Founders
This section focuses on the people that started the company. You can gain insights into their goals, ideas, foresight, and how they started the company. Many founders have interesting stories and experiences related to starting their business and the challenges they faced, as well as what they did to overcome those challenges.
Have a look at the following resources included in this post related to the founders.
Thomas G. Stemberg – Wikipedia
Leo Kahn (entrepreneur) – Wikipedia
Staples Executives
In the executive section, you’ll find information related to the management of a company. Management decisions are an important role in a company’s success. It’s not luck that makes a company successful, but planning, strategy, and leadership.
Have a look at the selection below for information related to the executives of Staples.
Staples CEO and Key Executive Team | Craft.co
STAPLES INC Executive Salaries & Other Compensation | Salary.com
The Staples Mission Statement
A mission statement helps a company stay on track and focus on its goals, culture, and ensures everyone is on the same page.
A mission statement is for company employees as well as the public. It’s usually a broad description of the company’s focus and activities.
A company’s mission statement is the company’s public face, and it is commonly used in marketing materials.
Below are the resources I have included related to the mission statement of Staples.
Staples Mission, Vision & Values | Comparably
Staples Divisions And Subsidiaries
The division of a company is a part of a business entity. In other words, even if a division operates under a different name it’s still part of the entity.
A subsidiary is an entirely different company, usually owned by a larger company.
Have a look at the resources for Staples subsidiaries and Divisions.
Exhibit 21.1 Subsidiaries of the Company
Staples Inc Exh 21 List Of Subsidiaries
Staples Ownership And Investors
In this section, you’ll find resources related to ownership, investors, and shares, of Staples. Below you’ll find the resources I have included for this post.
Staples to Sell for $6.9 Billion, and Its New Owner Has an Uphill Battle – The New York Times
Staples’ Private Equity Owner Loads More Debt On the Company
Facts About Staples
In this section, you’ll find facts about the company. I like going through the facts because in a page or two you can learn a lot about the company and if you find something that’s really interesting you can dig deeper.
Have a look at the resources below included in this post related to Staples facts.
Staples- Statistics & Facts | Statista
Staples Reports And Financial Statements
In this section, you can find out information such as the company’s profits, losses, net worth, liabilities, shares, owner’s equity, etc. that is available to the general public.
Have a look at the resources included below.
Staples, Inc. | Company Profile | Vault.com
Staples Financials | Markets Insider
Staples, Inc. Reports Record Third Quarter Performance; Company Sales
Business Strategies Used By Staples
In this section, can get a glimpse of the strategist used by the company. The strategy a company uses can be the difference between success, failure, a mediocre business, or a huge success story.
Below you’ll see the resources included related to business strategies used by Staples
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
The Main Competitors of Staples
This section focuses on direct and indirect competition for Staples. Competition is good, it drives innovation.
If it wasn’t for competition businesses wouldn’t have to try so hard for your business. Competition makes managers and company owners come up with better ideas for products and services while providing the best prices they can.
Below you can browse through the resources related to the main competition for Staples.
Staples Competitors | Comparably
Staples Inc Comparisons to its Competitors, Market share and Competitiveness by Segment – CSIMarket
Target Market & Marketing Strategies
This section focuses on the target market and the marketing strategies used. Just as above targeting is an important process and without it your focus will be too broad and you won’t be able to zero in on the right marketing techniques.
The marketing strategy used by a company can make or break it. The right strategy can make millions while a poor marketing strategy can end up in bankruptcy.
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 Offered By Staples
This section offer resources related to core products and services offered by Staples. Many large corporations have a large variety of products and services. Some companies are so large and complex that they deal in a variety of industries that operate on a global level, which is known as conglomerates.
Have a look at the resources below for products and services offered by Staples.
Have a Look at Our Staples Brand Products at Staples
Learn about Staples Brand products | Staples.com®
Staples Company Culture
Here’s where you can gain an idea about the culture of the company. A Company’s culture includes the work environment, company values, expectations, ethics, and more.
See the resources included in this post for the culture of Staples
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 Company Complaints
In this section, you can go through the resources to view the complaints, whether the complaints lead to a lawsuit or a viral rant, have a look at the complaints people have against 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
Staples Failures
Companies go through many phases, some are successful and some are miserable failures. Even though a company has failures, it’s a learning experience for management as well as other people.
Below are the resources I have included for this post related to Staple’s 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
Inside The Success of Staples
Success can be the result of a small idea that was executed extremely well at other times it may be the result of a long term vision.
It’s interesting to study the success of companies and how people have dealt with managing a company that started off small and grew into a huge success story.
Have a look at the resources I have included in this post related to the success of Staples.
Staples’ Successful, Uncomplicated Strategy
The secret to sales success at Staples? A virtual assistant | Fortune
Staples Articles And Stories of Interest
In this section, you’ll find a mix of articles worth mentioning in this post related to Staples.
Have a look at what’s included for this post related to Staples.
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 Related to Staples
Some companies are a huge success story or a miserable failure, with many lessons to learn. Have a look at books people have written for a complete overview.
Have a look at the links below to view the books available related to Staples
Books From Amazon Related To Staples
Google Book Search Related To Staples
The Latest About Staples
In this section, you’ll be able to stay up to date on the latest information related to Staples including the latest news, Google searches, videos, what people are tweeting, and more.
I recommend spending some time on the news, tweets, that can offer up-to-the-minute information about Staples.
Google Searches
Latest Search Results Related To Staples
Latest Image Search Results Related to Staples
News
Latest News Related To Staples
