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Staples Inc., the nation's largest office supplies retailer, reported its fiscal second-quarter profit fell 39 percent compared with a year earlier, hurt by its acquisition of Corporate Express. Here's a look at some of the highlights of the earnings report.
Staples reported Tuesday that its fiscal second-quarter profit fell 39 percent, while sales at Staples stores open at least a year, a key industry metric known as same-store sales, fell 5 percent in the second quarter as average order size fell.
Office supply chain Staples Inc.'s sales fell less in the second quarter than earlier this year, but the company said Tuesday that its profit dropped 39 percent, mainly because of its acquisition of Dutch chain Corporate Express.
Staples Inc. on Tuesday declared a regular quarterly dividend of 8.25 cents per share, payable July 16 to shareholders of record June 26.
Recession-weary customers are still putting off big-ticket purchases from office-supply chain Staples Inc., but the retailer said it's beginning to see smaller declines in foot traffic and sales to small businesses.
As office supply retailer Staples Inc.'s profit fell in 2008, CEO Ronald L. Sargent's compensation fell 58 percent to $12.6 million, less than half of what he received the year before, according to Associated Press calculations based on a regulatory filing on Monday.
Customers who shied away from buying expensive office furniture and gadgets helped drag down results at Staples Inc., which posted a 14 percent drop in fourth-quarter profit and missed Wall Street expectations.
Staples Inc., the world's largest office supplier, said Tuesday that its third-quarter profit sank 43 percent because of hefty charges from restructuring and the acquisition of European rival Corporate Express.
As a hungry grad student, Brandon Mendelson can sum up his financial status in two painful words: “broke” and “desperate.” He needs quick cash to help cover his living expenses, including food and health insurance.
Dell Inc. and office-supply vendor Staples Inc. are working together to offer free recycling for Dell computers, printers and other products.
Slowing sales, falling foot traffic in North American stores and penny-pinching customers combined to drag down Staples Inc.'s second-quarter profit by 16 percent, but a massive acquisition helped the office-supply chain top revenue expectations.
Staples Inc. warned Tuesday that its second-quarter results, excluding its acquisition of Corporate Express, would be weaker than anticipated as American consumers pulled back on spending.
Staples Inc.'s four-month campaign to acquire Corporate Express NV finally yielded an agreement Wednesday, a $2.7 billion deal that Staples hopes will put further distance between itself and U.S. rivals Office Depot and OfficeMax. Its two rivals combined would be smaller than Staples once the deal closes.
Strong sales of delivered office products to corporate customers at home and overseas helped Staples Inc. post a 1.5 percent increase in its first-quarter profit, and rebound modestly from small profit declines the previous two quarters.
Hours after saying it was open to holding talks, Corporate Express NV said Tuesday a sweetened $2.47 billion hostile takeover bid from its larger office products rival Staples Inc. is still too low.
While Staples Inc. is weathering the economic downturn better than rival Office Depot Inc., the world's largest office products supplier sees no quick turnaround from sagging U.S. customer demand.
Corporate Express NV on Tuesday swiftly rejected an unsolicited $3.67 billion buyout offer from Staples Inc. as too low, but some analysts expect the strategic advantages of combining the two office products suppliers will yield an eventual agreement.
Staples Inc.'s third-quarter profit dipped 5 percent as consumers spent less on office supplies, but sales of highly profitable items like ink cartridges grew, and Staples' performance beat Wall Street expectations.
Dell Inc. plans to sell computers and other electronics gear at 1,400 Staples Inc. stores, the latest departure from the direct-to-customer business model pioneered by the No. 2 computer maker.
As many of you might have heard, my home was struck by lightning during the course of the major storm in the middle of last week.
More than 1 million seek tix for Jackson memorialMore than 1.2 million people have now registered to get tickets for Michael Jackson's memorial service next week.
Staples libel ruling concerns news media groupsJournalists who believe truth is the ultimate defense against libel suits fear that a federal appeals court has created a dangerous exception that could chill news reporting.
Think Gas Is Bad? Printer Ink Is $8,000/gal. A Bostonian is suing HP and Staples for colluding to inflate the price of printer ink. According to the suit, filed by Ranjit Nedi, Staples took a $100 million hint from HP not to stock cheap generic competition to its $8,000-a-gallon juice.
Food Rationing Confronts Breadbasket of the World Many parts of America, long considered the breadbasket of the world, are now confronting a once unthinkable phenomenon: food rationing.
Staples Tries To Charge Senior Citizen $390 For Basic Computer RepairReader Michael watched incredulously as a Staples tech tried to convince a senior citizen that his computer wouldn't work properly without repairs costing almost $400.The senior, who had been lulled into Staples for a free tune up that suddenly cost $39.99, didn't understand why …
Tune Ups: Staples Tries To Charge Senior Citizen $390 For Basic Computer RepairReader Michael watched incredulously as a Staples tech tried to convince a senior citizen that his computer wouldn't work properly without repairs costing almost $400.The senior, who had been lulled into Staples for a free tune up that suddenly cost $39.99, didn't understand why …
IndustryWeek : 'Sleepworking' Affects More Than Half of Small BusinessesResults of a small business survey by Staples that showed a small majority of small biz owners actually work while they sleep (hence sleepworking) and many of them get ideas they put into action from these dreams.
Staples have become the scourge of my existence, at least my existence between the hours of 9:00 AM to 5:00 PM, 5:30 PM every other day.
I fell into the trap. I watched An Inconvenient Truth, and I believed I was watching a man with a passion and a real desire to change the fate of the world. I was enthralled. This could be my new project with myself; be more "eco-friendly", etc.
Staples to Inventors: Congratulations (sort of), you're a semifinalist (sort of)Staples has notified the semifinalists of the 2007 Invention Quest...sort of. In a clear attempt to generate more publicity for the 07 event, they have included this year a round of semi-semi-finalists, or "nominees" who get their names in local papers, but not much else.
Notebooks dropping to $99 Circuit City will try to best Wal-Mart Stores and Staples in notebook pricing this holiday season with a Compaq notebook for $299 after rebates, or $99 with rebates and a 12-month subscription to Vonage, according to bargain-hunting Web site Black Friday Ads.
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