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Staples To Open 22 New Stores February 19th

Thursday, February 17, 2000 7:00 am EST

Dateline:

FRAMINGHAM, Mass.

Public Company Information:

NASDAQ:
SPLS
"Staples continues to develop a strong presence in small, medium and large markets coast-to-coast, with the goal of better serving the growing number of small business, small office and home office customers"

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples Inc. (NASDAQ:SPLS) today announced that it will open 22 new office superstores this Saturday, February 19. This one-day, multi-store opening is the first wave of more than 170 stores Staples expects to open in 2000 and sets a company record for the largest number of stores opened on a single day.

The 22 stores are located in: Red Bluff, Calif.; Orlando, Fla.; Toccoa, Rome and Peachtree City, Ga.; Fort Wayne, Angola, Logansport and Greensburg, Ind.; two stores in Springfield, Mo.; Albuquerque, N.M.; Rome and Victor, N.Y.; Oklahoma City and Chickasha, Okla.; The Dalles, Ore.; Narberth, Pa.; North Kingston, R.I.; Athens and Sevierville, Tenn.; and Whitewater, Wis.

"Staples continues to develop a strong presence in small, medium and large markets coast-to-coast, with the goal of better serving the growing number of small business, small office and home office customers," said Jim Peters, Staples' president of U.S. Stores. "Our world-class growth and development team, led by Joe Vassalluzzo, does a spectacular job in selecting the best real estate locations. His group, combined with our product distribution, replenishment network and the 850 new associates that will work in the new stores, will help ensure Staples' continued success."

With an average of 24,000 square feet per store, these stores will carry more than just general office supplies. Staples also offers business machines and computer technology, office furniture and a range of business services including payroll processing, telecommunications services, Internet services and even shipping services. Each store has a Copy Center for on-site copying, printing and binding. The Business Technology Center offers computer upgrades, software installations and more.

Staples Inc. is a $7 billion retailer of office supplies, furniture and technology to consumers and businesses from home-based businesses to Fortune 500 companies in the United States, Canada, the United Kingdom, Germany, the Netherlands and Portugal. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has more than 46,000 associates serving the business customer through more than 1,100 office superstores worldwide, mail order catalogs, e-commerce and a contract business. More information about the company can be found at http://www.staples.com.

Contact:

Staples Inc.
Christina Erridge, 508-253-7375
christina.erridge@staples.com

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