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Staples.com Enhances Management Team Business Editors

Promotes Michael J. Ragunas to Vice President Information Systems

Kevin B. Dempsey to Vice President Merchandising

Thursday, September 9, 1999 7:00 am EDT

Dateline:

FRAMINGHAM, Mass.

Public Company Information:

NASDAQ:
SPLS
"Mike has played a key role in the development, launch and continuous enhancement of Staples.com"

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 his merchandising knowledge, we have a strong team in place that will continue to deliver and improve our hassle-free, online destination for small businesses."

As vice president of information systems of Staples.com reporting to Staples' chief information officer Brian T. Light, Ragunas will lead Staples.com's information systems department in the development and implementation of cutting-edge technologies to enhance the Staples.com shopping experience. Ragunas joined Staples in 1986, and most recently was director of information systems for Staples.com. He has also served as director of strategic technology and systems architecture, manager of store systems and store general manager. A graduate of Harvard University, Ragunas resides in Westborough, Mass., with his wife and two children and is a native of Newport News, Va.

In his new role reporting to Levitan, Dempsey is responsible for the strategic direction and execution of Staples.com's merchandising, including assortment planning, vendor management, pricing, replenishing and on-site advertising. He succeeds Jonathan Magasanik, who was promoted to the newly created position of vice president of software, peripherals and hand-held computing in Staples' retail merchandising organization. Most recently, Dempsey was vice president of merchandising for Staples' United Kingdom and German operations, where he established a new cost saving buying infrastructure to support Staples' European expansion. He joined the company in 1991 as vice president of merchandising and assisted in creating Staples' Canadian operations. A resident of Boston, Mass., Dempsey earned his bachelor's at University of Western Ontario in London, Canada.

About Staples.com

Launched in fall 1998, Staples.com is Staples' e-commerce business unit that serves the home office and business customer via the Internet. The virtual store offers easy-to-use, customized features and intuitive functions to slash the cost and hassle of purchasing office supplies. More than 6,000 products are available on Staples.com and it is open for business 24 hours a day, seven days a week. Customers receive free delivery on all orders over $50 and next-business day delivery is available in most U.S. markets.

About Staples

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

Contact:

Staples Inc.
Debby Hohler, 508-253-8509
deborah.hohler@staples.com
or
Corporate Ink
Susan Keliher, 617-969-9192
skeliher@corporateink.com

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