Staples Still Doing Well After Failed Office Depot Merger; 70 North American Staples Stores To Close
While we consumers think of Staples as the brick-and-mortar retailer that we go to when we need a printer cartridge, that’s not how the company thinks of itself. After a disappointing quarter of sales while the company is still trying to get over the breakup of its engagement to Office Depot, its leaders told investors that they plan to focus on services, including delivery to offices and to homes. [More]
It’s not easy to find your way after your plans for the future have been turned around. Staples planned to merge with Office Depot, but the Federal Trade Commission stood in their way and kept the merger from happening. Now Staples is having a hard time finding its way by itself, losing $766 million last quarter. [More]
Staples and Office Depot want to pledge their future and their fortunes together in corporate matrimony, and the Federal Trade Commission objects to their union. The companies and the Federal Trade Commission are making their cases before a federal judge, and the key question in this merger seems to be whether large corporations plan to buy their office supplies from Amazon in the future. An Amazon executive testified that they haven’t signed any major companies, and aren’t really pursuing big corporate contracts. Yet. [More]
Three months after federal regulators filed a lawsuit to stop the
nightmare dream formation of the $6.3 billion StaplesMaxDepot Voltron , the CEOs of the mega-office supply chains are fed up, and they’re taking that frustration to the customers by airing their true thoughts on the Federal Trade Commission’s attempt to stop the deal. [More]
Providing office supplies for commercial businesses could be the final nail in the coffin of the would-be formation of the $6.3 billion StaplesMaxDepot Voltron, with regulators reportedly poised to block the mega-merger next week. [More]
One of the barriers to the formation of the StaplesMaxDepot office-supply Voltron has been the commercial supply businesses that both companies run: in addition to running retail stores, they both also do business delivering office supplies to corporate clients. One possibility could let the mega-merger go forward: Staples could sell its commercial supply business to competitor Essendant. [More]
The $6.3 billion merger between the top two office supply chains has hit yet another bump: the European Union opened an “extensive” investigation into the would-be union of Staples and rival Office Depot. [More]
In an effort to gain approval for their $6.3 billion proposed marriage to Staples, Office Depot announced last month it would close about 400 stores. While that move could certainly help the merger process, it appears that federal regulators are less worried about retail sales at physical stores, and more concerned about their contracts to provide supplies to large corporations and businesses. [More]
Amazon is gunning for businesses – connecting them with sellers of everything from lab equipment to food service supplies. The online retail giant launched its latest marketplace Tuesday, aiming to provide businesses with the same shopping service the company offers everyday customers. [More]
Manufacturing company 3M announced a policy change today that aims to ensure its pulp and paper suppliers are doing their best to preserve the environment by only providing materials from protected forests. [More]
Just weeks after activist investor Starboard Value publicly demanded Staples and Office Depot get hitched, the two office supply stores are apparently taking talks of a walk down the aisle seriously. [More]
Earlier this year, Staples announced plans to close 225 underperforming store due to poor performance. Almost six months later, the office supply retailer hasn’t managed to turn things around, mostly because consumers are looking elsewhere for most of the things they would buy at Staples. Especially electronics. Turning things around will be a difficult task, since the chain plans aggressive discounts to lure customers back in. [More]
Reader Laura (no relation) received a big, sturdy Amazon box at work. “The kind large enough to hold six to eight regular reams of 8×11 paper,” she wrote to Consumerist. “20 inches in length and a good foot wide and deep.” This box must hold a large amount of office supplies, right? Not so much. [More]
If you’ve seen the movie “Office Space,” you may have wondered: what’s so great about a Swingline stapler that the character Milton clung to his so desperately? Reader Bradley can’t vouch for the red, small-capacity type of stapler, but his office regularly uses a high-capacity stapler with a broken strike plate. Would they have to replace the whole expensive stapler? Noooo!
We’re sure that Staples has a very, very good reason for packing a single box of white-out in a massive box full of air pillows. Perhaps that product was in a different warehouse than the rest of the order going to Ian’s company. Perhaps they were out of small boxes or padded envelopes, and speed in shipping is more important than sanity in packaging. Or perhaps Staples employees fear the stink of correction fluid, and wanted to make sure everyone stayed very safe from it. Whatever the real reason: it’s ridiculous.
If you need staples, you can go to Marty’s local Walmart. There, confusing economic forces have come together to make staples cost twice as much if you buy them in a larger box. No, really: when you buy three boxes containing five thousand staples each, the total cost is half as much as one box with fifteen thousand staples. And it’s not like the box is anything special.