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Corporate Press Releases

  • 5/29/98 9:21 am EDT

    State-of-the-Art Center Employs 315 Connecticut Residents;
    CEO Tom Stemberg to Dedicate Facility to Local Tracy Family

    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Today, Staples, Inc., operator of 722 office superstores throughout North America, will host a grand opening celebration of its newest 307,000 square foot distribution center in Killingly, Connecticut. The state-of-the-art facility will be presented publicly for the first time today, as the company hosts up to 550 Staples employees and invited guests, including keynote speaker James Abromaitis, Commissioner of the Connecticut Department ofmore...
  • 5/21/98 7:00 am EDT
    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS:news) announced today that it has completed the purchase of Quill Corporation for approximately $690 million. Staples first announced the transaction on April 7, l998. Quill Corporation of Lincolnshire, IL sells office supplies to businesses in the United States via a mail order catalog, the internet and outbound telemarketing. Quill recorded $550 million in annual sales in l997 and has 1,400more...
  • 5/18/98 7:00 am EDT

    Comparable Store and Delivery Sales Rose 11%

    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS), today announced a 50% increase in diluted earnings per share for the first fiscal quarter ended May 2, 1998 to $0.12 per share as compared with $0.08 per share (before merger related charges) in the prior year. Total sales for the first quarter rose 31% to $1.5 billion as compared with $1.1 billion in the prior year. Comparable sales in the 641 stores and delivery hubs that have been open for more than onemore...
  • 5/4/98 7:00 am EDT
    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS) announced today that the Company has purchased leaseholds on 32 former Rickel Home Centers Inc., a buildings materials retailer based in South Plainfield, New Jersey. Staples plans to convert most of the former Rickel stores to Staples The Office Superstores over the next 6 months. Thus, Staples should be able to open over 150 stores in North America alone during 1998, and over 170 stores in total globallymore...
  • 4/7/98 8:07 am EDT
    WESTBOROUGH, Mass. and LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS) today announced a definitive agreement to purchase Quill Corporation ("Quill"). Staples will issue about 30 million shares at a combination of fixed and variable prices which would equate to a purchase price of about $685 million. The purchase price includes approximately $580 million for ongoing operations and $105 million for cash in excess of operating cash and real estate owned by the principals.more...
  • 3/25/98 9:38 am EST
    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS), today announced that Maxi-Papier, its German office supplies subsidiary, will begin operating under the Staples brand name. The change, effective immediately, is an important step in positioning Staples as a global brand. The Company launched its international operations in 1992 when it acquired a 48% interest in Maxi-Papier, then a chain of five office superstores. By May 1997 that stake had increased to 92more...
  • 3/10/98 10:05 am EST
    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS) today announced that its Chairman and Chief Executive Officer, Thomas G. Stemberg, has made a net investment in the company's shares. Mr. Stemberg recently exercised 1,300,000 options to purchase the company's common stock and, net of a sale of 1,143,000 shares, has increased his total number of shares held in the company to over 2,100,000 shares. When Mr. Stemberg's remaining options in the company'smore...
  • 3/9/98 12:11 pm EST
    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS) announced today the promotion of James C. Peters to president of U.S. stores. Mr. Peters joined Staples in September 1997 as executive vice president of U.S. stores, and in his new role he will continue to report to Ronald Sargent, president of North American operations. Mr. Peters joined the Company with over 10 years experience in the office superstore industry. He began his retail career in 1984 withmore...
  • 3/3/98 2:02 pm EST

    Get Organized Now To Save Tax Dollars and Anxiety This Year And Next

    BOSTON--(BUSINESS WIRE)--According to the Internal Revenue Service, 50% of American households prepare and file their own tax returns. For too many of these taxpayers, procrastination needlessly turns this annual ritual into a last-minute, anxiety-filled rush to beat the April 15 deadline. Are there ways to take the panic out of preparing your own tax return? Yes, says Gary Soiref, a CPA and tax planning expert with Parent McLaughlin Nangle CPAs, Inc., ofmore...
  • 2/18/98 4:12 pm EST
    CHICAGO--(BUSINESS WIRE)--Staples, Inc., and Hammermill Papers, in conjunction with DIVIDENDS, Staples' Magazine For And About Small Business, invites nominations for the Second Annual Staples/Hammermill Small Business of the Year Award. Staples developed the awards to recognize companies that are creating innovative niches in the competitive small business marketplace. Nominations will be accepted by anyone associated with a successful small business entrepreneur; self-more...

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