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Staples, Inc.

  • Plenty of room for women at the top in retail

    A Swedish retail giant that excels in fast-fashion is also a leader when it comes to breaking the glass ceiling. But a U.S. merchant is not that far behind.   

  • Another retailer pilots same-day delivery service

    Staples is hopping on board the same-day delivery train.    The chain is testing “Staples Rush,” a same-day delivery service to its online customers in major metropolitan areas across the United States. It’s offering the service initially for a fee of $14.99 per delivery, which may change while the project is in beta.  

  • Office Depot regrouping

    Office Depot Inc. is regrouping less than a month after a federal judge blocked the chain’s planned acquisition by rival Staples Inc., causing the two companies to abandon the deal.
     
    On Tuesday, Office Depot announced its board had approved a $100 million stock buyback program. The retailer also said it is finalizing its comprehensive strategic review, which includes capital structure and return of capital alternatives.
     

  • TJX makes moves with new store growth concept

    Sierra Trading Post, an online retailer TJX Cos. acquired in 2012, is accelerating store expansion and could become a new growth driver for the nation’s leading off price retailer with designs on extending its value proposition to the outdoor and active lifestyle world.

  • Staples adds interesting new board members

    Regardless of the final outcome of its acquisition of Office Depot, Staples just nominated three individuals to its board of directors with unique perspectives on growth.

    Curtis Feeny, managing director of Voyager Capital, Deb Henretta, former group president of global e-commerce at Procter & Gamble and John Lundgren, chairman and CEO of Stanley Black & Decker, have been nominated by the Staples board of directors for election at the company’s 2016 annual meeting.

  • 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.

  • Levi Strauss makes inventory connection

    Levi Strauss & Co. is turning to the Internet of Things (IoT) as a solution to improve inventory visibility.

    Levi’s is partnering with Intel to run a proof-of-concept of the new Intel IoT platform at three of the vertical apparel retailer’s stores. The pilot allows the Levi’s stores to gain visibility into what’s on the shelf or what might be running low. The goal is to make the process of inventory management more effective, maximizing in-stock and on-shelf availability of products.

  • Staples-Office Depot deal is delayed again

    Staples and Office Depot have agreed to a Federal Trade Commission decision to extend the review period for a possible $6.3 billion merger of the two companies.

    The companies announced Monday that the FTC has agreed to issue its decision regarding this transaction by Dec. 8.

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