FRAMINGHAM, Mass.--(BUSINESS WIRE)--The Y2K issue has drawn attention to the need for small businesses to
make hard copies of their important computer files -- not only in
preparation for Y2K, but as a sound record keeping practice at the end
of every year.
Because of the greater awareness of this issue, Staples is anticipating
a larger demand by small businesses and home office professionals for
document downloading and printing services. Starting October 1st,more...
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced the launch of "Your Online
Office Manager," a comprehensive, cross-channel, online and offline
marketing campaign, which includes a national television spot, designed
to generate sales for and drive traffic to www.staples.com.
The program was jointly developed by Cliff Freeman and Partners,
i-traffic and Eisnor Interactive Inc., all based in New York City, and
Staples' in-house advertising agencymore...
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced its board of directors
authorized the company to purchase an additional $100 million of its
common stock, bringing the total amount of the company's stock
repurchase program to $300 million. In March 1999, the board approved
the company's first stock repurchase program that authorized the
purchase of up to $200 million of its common stock.
The common stock may be purchased by the company frommore...
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced its board of directors has
approved plans to create a new class of common stock -- Staples.com
Stock -- that will track the performance of the company's e-commerce
business. Creating a tracking stock will allow Staples to aggressively
pursue electronic commerce and become the preeminent office supply
seller to small businesses on the Internet.
The plans to create a tracking stock are subject tomore...
Promotes Michael J. Ragunas to Vice President Information Systems
Kevin B. Dempsey to Vice President Merchandising
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced it promoted Michael J.
Ragunas to vice president of information systems and named Kevin B.
Dempsey vice president of merchandising, both working for the company's
burgeoning Staples.com e-business unit.
"Mike has played a key role in the development, launch and continuous
enhancement of Staples.com," said Jeff Levitan, senior vice president of
Staples.com. "With the addition of Kevin and hismore...
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. today announced its plans for a new airport retail store
concept with the first store to open at the Philadelphia International
Airport in September. This entirely new store concept will offer
travelers three ways to shop: traditional retail, a kiosk linked to
Staples.com and a direct phone line to Staples catalog representatives.
Two additional Staples airport stores are planned to open by the end of
FRAMINGHAM, Mass. and BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) and HotOffice Technologies, Inc. (www.hotoffice.com),
today jointly announced that Staples has taken an equity stake in the
developer of the award-winning HotOffice Web-Based Intranet Service,
investing $6 million in a total financing round of $14.8 million.
Additional investors include Intel Corporation; Spyglass Equities 99A
L.P., an investment affiliate of The Staubach Company;
Marketing Partnerships Help Staples Better Serve Small Business
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced it has made strategic
investments in two e-commerce companies: HotOffice Technologies, Inc., a
Web-based intranet service provider, and DSL.net, a provider of
high-speed Internet access. In addition, Staples has indicated an
interest in purchasing up to $5 million of common stock from DSL.net at
The agreements include significant cross-marketing initiatives, and both
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS), the pioneer of the office superstore
industry, today reported net income of $52.7 million, or $.11 per common
share on a diluted basis, for the second quarter, which ended July 31,
1999, compared with $33.8 million, or $.08 per common share on a diluted
basis, for the prior year.
The earnings per share calculation for the prior year excludes a
one-time charge for the merger with Quill Corporation and includesmore...