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Corporate Press Releases

  • 3/18/16 8:00 am EDT
    FRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) issued the following open letter to customers: To Our Valued Customers, On Monday, Staples and Office Depot begin our hearing in U.S District Court as we fight to merge the two companies. Our commitment to this merger has not changed. The transaction is good for customers of all sizes. The combined company will be positioned to better serve themore...
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  • 3/4/16 6:00 am EST
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today the results for its fourth quarter and fiscal year ended January 30, 2016. Total company sales for the fourth quarter of 2015 were $5.3 billion, a decrease of seven percent compared to the fourth quarter of 2014. On a GAAP basis, the company reported net income of $86 million, or $0.13 per diluted share, compared to a net loss of $260 million, or $0.41 per share, in the fourth quarter of 2014. Fourthmore...
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  • 3/1/16 4:30 pm EST
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on April 14, 2016, to shareholders of record on March 25, 2016. About Staples Staples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail, online and delivery capabilities,more...
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  • 2/26/16 8:00 am EST
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) will hold its quarterly conference call to discuss fourth quarter 2015 results on Friday, March 4, 2016 at 8:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit Staples’ Investor Relations website at http://investor.staples.com. About StaplesStaples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail, online andmore...
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  • 2/16/16 4:20 pm EST
    • Essendant to acquire more than $550 million of office products revenue and related assets
    • More than 25 percent of the revenue to come from Fortune 100 companies and approximately half the revenue from Fortune 500 companies
    • Deal further strengthens Essendant as national office supplies competitor
    • $22.5 million purchase contingent on successful closing of Staples/Office Depot merger
    FRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples and Office Depot today announced an agreement to sell more than $550 million in large corporate contract business and related assets to Essendant. Essendant will pay Staples approximately $22.5 million. More than 25 percent of the revenue acquired by Essendant will be from Fortune 100 companies and approximately half of the revenue will come from Fortune 500 companies. The transaction is subject to the successful completion ofmore...
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  • 2/10/16 6:13 am EST

    Parties plan to divest Office Depot European businesses beyond EC requirements

    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) today announced that it has received approval from the European Union to acquire Office Depot. “This is a significant step, and we’re very pleased that the European Commission has approved this transaction,” said Ron Sargent, Chairman and Chief Executive Officer, Staples, Inc. “The acquisition has been approved in Australia, New Zealand, China, and Europe. Regulatory agencies around the world understand thatmore...
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  • 2/2/16 4:01 pm EST
    FRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NASDAQ: ODP) today announced the completion of financing arrangements and the extension of their merger agreement from February 4, 2016 to May 16, 2016. The extension allows for the completion of ongoing federal district court litigation with the Federal Trade Commission. On February 4, 2015, Staples and Office Depot entered into a definitive merger agreement to combine as a singlemore...
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  • 1/25/16 4:01 pm EST
    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced leadership changes as it creates a more efficient, focused organization. “We are streamlining the organization and building a simplified structure that will speed decision-making and enable us to focus on driving profitable growth,” said Ron Sargent, Chairman and Chief Executive Officer. “These changes will help us compete in a rapidly evolving marketplace, either as a standalone company ormore...
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  • 1/20/16 8:00 am EST
    FRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NASDAQ: ODP) today announced that the Board of Directors of both companies intend to waive the merger agreement termination date of February 4, 2016, and extend it to May 16, 2016. The extension allows for the completion of ongoing federal district court litigation with the Federal Trade Commission. The companies are working to extend financing terms for the transaction, and expect to executemore...
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  • 1/4/16 6:00 am EST

    Small Businesses Want Help Getting Metrics on Track, Not Sure What to Focus on To Ensure Success, according to Staples Survey

    FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples (NASDAQ: SPLS) today announced the launch of its Quick Wins app to help small businesses succeed and grow in the New Year. The Quick Wins app offers business-specific ideas, metrics and community support in one easy-to-access place. Most small businesses (72 percent) want assistance getting their business metrics on track, yet two in five (41 percent) are not sure what business metrics they should focus on in order tomore...
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