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Old 08-21-2014, 05:05 AM
 
Location: Tennessee/Michigan
28,965 posts, read 49,790,927 times
Reputation: 21056

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Aug 20 (Reuters) - Staples Inc reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.

Shares of the largest U.S. office supply retailer rose 3 percent before the bell.

Staples Is Closing A Ton Of Stores
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Old 08-21-2014, 07:29 AM
 
Location: Florida
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So are they just closing less profitable stores and opening stores in better markets?
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Old 08-21-2014, 09:36 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
33,445 posts, read 60,788,506 times
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I have often wondered how these office supply store have survived. When I had a business for 16 years I bought most office supplies at Costco, where I work now has a contract with a large local family-owned company. The few times I have gone into Staples or Office Depot there was never a wait at the cashier. The local Office Max closed up several years ago.
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Old 08-21-2014, 06:35 PM
 
Location: Under a bridge
2,422 posts, read 3,336,796 times
Reputation: 2491
You would think that as more and more businesses and consumers shop through websites the brick and mortars will struggle to stay open- especially in the office supply business. Also, there is too much competition in this space and offices are becoming more paperless. For example, cloud services plays a role in diminishing the use of paper, pens, folders, staples, etc.

-Cheers.
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Old 08-21-2014, 10:11 PM
 
Location: California
32,401 posts, read 35,780,961 times
Reputation: 28274
We lost our local Staples 15 years ago. There is one about 30 minutes away but I'd have to drive by 2 Costco and a couple Office Max, Office Depots before I get there.

I don't know how they stay in business either.
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Old 08-24-2014, 09:03 AM
 
Location: Columbia SC
11,287 posts, read 9,571,917 times
Reputation: 16624
The largest sale increase/growing area for Staples has been from direct sales contracts to businesses, governments, etc. The direct to end user/consumer market is dropping off.

Any business model has to change/evolve. Is not GE selling their appliance division? Who would have ever predicted that.
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Old 08-26-2014, 10:00 PM
 
69,360 posts, read 58,174,803 times
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With Office Max and Office Depot merging, I'm surprised its taken this long for Staples to respond.
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Old 08-27-2014, 08:08 AM
 
Location: Florida
4,103 posts, read 4,620,459 times
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One thing to note is Staples may do better in its online ordering arena. Every job Ive worked at has ordered its supplies online through Staples. Perhaps they have just decided that is a better platform than brick and mortar?
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Old 08-28-2014, 05:54 PM
 
795 posts, read 1,103,774 times
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If Staples is like bestbuy, they need to close. Went into best buy yesterday, needing a 64 gb micro SD card. Cheapest they had was $60, plus tax. Found one online for $35.00. And I'm sure bestbuy.com had one for $35 as well... but once you get in the store, forget it.
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Old 09-06-2014, 03:45 AM
 
Location: Purgatory
6,321 posts, read 5,212,882 times
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Everybody I've ever known who've worked for Mitt Romney are very ignorant and greedy.

Staples lacking creativity and foresight does not surprise me.
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