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Archived Press Releases 2002

  • 10/23/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS), today announced the appointment of Robert Mayerson as senior vice president and treasurer, responsible for developing and executing Staples' financial, tax and risk management strategies. In his new role, Mayerson will focus on the Back to Brighton initiative to restore profit margins to historical levels, improve asset utilization, and will develop appropriate financing strategies for Staples' increasing Europeanmore...
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  • 10/21/02 7:00 am EDT

    Staples Gains Significant Platform For Growth In Europe With A New
    Leadership Position In The World's Second Largest Office Supply Market

    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today the completion of its acquisition of the mail order business of Guilbert, a subsidiary of Pinault Printemps Redoute SA, and a leading direct mail office products reseller to small businesses in Europe. With this expansion, Staples is now positioned for profitable growth through both retail and delivery channels in key European markets. "The addition of Guilbert's mail order business gives usmore...
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  • 10/8/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced it will host a live Internet broadcast of its 2002 Investor Conference, beginning at 8 a.m. EST, on Wednesday, October 9, 2002. The event, featuring presentations by Staples' senior management team, will be held at Staples' Corporate Center in Framingham, Mass. Individuals may access the broadcast from Staples' Web site directly at http://investor.staples.com. A replay of the conference willmore...
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  • 9/26/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced that it has agreed to sell $325 million principal amount of its 7.375 percent senior notes due 2012 through an institutional private placement, as previously announced. The closing of the offering is expected to take place on Sept. 30, 2002. Interest on the 7.375 percent senior notes is payable on April 1 and October 1 of each year, beginning on April 1, 2003, and the notes will be guaranteedmore...
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  • 9/23/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS), today announced the appointment of Paul Capelli to vice president of public relations, effective immediately. With more than 15 years of corporate and marketing public relations experience representing world-class organizations, Capelli will now drive the company's communications strategies across all business units. He will report to Shira Goodman, Staples executive vice president of Marketing. "more...
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  • 9/19/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced that it plans to raise up to $325 million through an institutional private placement of senior notes. Completion of the offering is expected later this month, subject to market conditions. The net proceeds of the anticipated offering will be used to finance a portion of the E825 million purchase price of Staples' acquisition of the European mail order business of Guilbert SA, a subsidiary ofmore...
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  • 9/3/02 7:00 am EDT

    Saving on Routine Expenses Ranks as "Important" to Nearly 75% of
    Small Business; Most Would Invest These Savings Back Into the
    Businesses, According to New Survey

    NEW YORK & BOSTON--(BUSINESS WIRE)--OPEN: The Small Business Network announced today that Staples has joined its Everyday Savings program to provide its small business customers with an automatic 2% savings for office supply purchases made with an American Express(R) Business Card. The discount is available on most purchases made at any of the more than 1,000 Staples retail locations, Staples.com or through Staples' Catalog in the U.S. The discount may be combined withmore...
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  • 8/22/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples to Enter the Fast-Growing Mail Order Business in France, Italy, Spain and Belgium and Expand in the United Kingdom Staples, Inc. (Nasdaq: SPLS) announced today a definitive agreement to purchase the mail order business of Guilbert, a leading direct mail office products reseller to small businesses in Europe. Staples will purchase the mail order business from the Pinault-Printemps-Redoute Group (PPR) for 825 million euros. Withmore...
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  • 8/20/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced the results for the second quarter ended August 3, 2002. The company reported net income of $60 million for the quarter, or $0.13 per share on a diluted basis, exceeding the First Call consensus estimate of $0.12, and a 44 percent increase over earnings per share of $0.09 reported for the second quarter of 2001. Sales grew to $2.43 billion, an increase of five percent, versus $2.31more...
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  • 8/15/02 7:00 am EDT
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (Nasdaq: SPLS) today announced that it has been named a CIO-100 award honoree for the fifth consecutive year by CIO magazine. The prestigious award recognizes organizations around the world that excel in positive business performance through integrated processes and technologies. This year CIO honors 100 companies that demonstrate integrated technologies and procedures to improve products, services and relationshipsmore...
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