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...
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced it has been named a CIO-100
winner for the second consecutive year by CIO - the magazine for
information executives. The award is presented annually to 100 companies
who exemplify the best of the best in operational and strategic
excellence around the world, and possess the strategy, ability and drive
to prosper in the new millennium. This year, Staples is the only office
superstore to win the awardmore...
Enhances German Operations and Expands to Two New Countries
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced a definitive agreement to
acquire three European office supply companies -- Sigma Burowelt in
Germany, Office Centre in the Netherlands, and Office Centre in
Portugal. The acquisition will expand the company's European presence to
"This acquisition gives us established retail locations in two new
countries, and will enhance our current operations in Germany," said
Store Dedicated to The Home Depot Co-founders Bernie Marcus and Arthur
Blank; Office Retailer Enters Greater Atlanta Retail Market, Opening
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced it is opening its 1,000th
office superstore in Duluth, Ga. The store is dedicated to Atlanta-based
Home Depot co-founders, Bernie Marcus and Arthur Blank, who
revolutionized home improvement by creating the warehouse retail concept.
"Bernie and Arthur developed a whole new channel for home improvement
supplies when they launched The Home Depot in 1978," said Thomas G.
Stemberg, chairman andmore...
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced its online Back-to-School
Center designed to slash the cost and hassle of purchasing
back-to-school supplies. With a large selection of specially tagged
back-to-school items, on-the-go parents and vacationing students can
avoid the mad rush to the mall and conveniently purchase school supplies
"Most parents would prefer to spend quality time with their kids rather
than fight themore...