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Staples profits, sales still on the decline
Staples says its reinvention is on track despite a disappointing financial performance in the third quarter.
For the third quarter ended Oct. 31, Staples reported a profit of $198 million. Same-store sales decreased 2%. On a per-share basis, the Framingham, Massachusetts-based company said it had profit of 31 cents. Earnings, adjusted for non-recurring costs, came to 35 cents per share. The results matched Wall Street expectations. Revenue was $5.59 billion, which fell short of Street forecasts.
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Best Buy receives award from Office Depot
Office Depot and Best Buy are intense competitors in many categories, but that didn’t stop the former from recognizing the latter’s sustainable purchasing practices.
Office Depot recently held its Eighth Annual Leadership in Greener Purchasing Awards ceremony in Denver alongside the International Facilities Management Association (IFMA) World Workplace Conference & Expo.

