Staples Inc. (Staples Inc.) is a large-scale office supplies chain store in the United States, it has more than 2,000 specialty stores in 26 countries around the world. The company is headquartered in Framingham, Massachusetts, USA. Its retail stores and services cover: Australia, Austria, Brazil, China, Finland, France, Germany, India, Italy, Norway, Portugal, the United Kingdom and the United States. The company sells consumables, office equipment, promotional products, furniture, technology and business services in physical stores and online stores.
Staples was founded by Leo Kahn and Thomas G. Stemberg. The company opened its first store in Brighton, Massachusetts on May 1, 1986. The company received investment from private equity investment companies, including Bain Capital. Bain & Company co-founder Mitt Romney served as a director of the company for 15 years and helped the company establish its own business model.
In 1991, Staples established a subsidiary The Business Depot in Canada and began to open specialty stores under the company name. Although more than ten years have passed, all stores have been renamed’Staples’. The company opened its first store in Toronto Vaughan in northern Ontario, Canada. The following year, the company expanded its business to Europe and opened its first store in Swansea, England.
In 1996, on the occasion of the 10th anniversary of Staples, the company became a Fortune 500 company with sales exceeding $3 billion. On September 4, 1996, the company and Office Depot announced a merger plan, but the US Federal Trade Commission rejected the two mergers.
In 2001, Staples integrated its e-commerce website and established subsidiaries around the world. In 2002, the company launched the Staples Learning Foundation and acquired the Medical Literature Publishing House. In 2004, the company expanded its business to Austria, and in 2007 it expanded its business to Denmark, and opened its first store in India.
In 2008, Staples acquired the Dutch office supplies company Corporate Express, which is one of the largest office supplies wholesalers in the world. The company launched 11 concept stores focusing on small businesses and related technical services in New England. On March 6, 2014, the company announced the closure of as many as 225 stores in North America. By the end of 2015, the company can cut costs by $500 million.
As of 2010, Staples has 1,575 stores in the United States, 2,281 stores worldwide, and 125 warehouses and logistics centers worldwide. The chairman and chief executive officer of the company is Ron Sargent, the vice chairman is Joseph G. Dudi, and the chief financial officer is Christine Komola. In fiscal year 2013, the company’s revenue was US$24.38 billion, net profit was US$210.7 million, total assets were US$12.28 billion, and there were 90,000+ employees.
See The Wolrd is a so fantastic website! It contains thousands of websites and interesting knowledge of countries all around the world, including government,finance, entertainment, life, etc. The world is changing, the only constant is our curiosity and exploration of the colorful world. See The Wolrd, will take you to see the world.Tell us if you like it and leave your suggestions.