SPLS Profile
Staples, Inc. was an American office retail company that was founded in 1986 and headquartered in Framingham, Massachusetts. The company was well-known for selling office supplies, furniture, technology, and business services both in-store and online.
In 2017, Staples was acquired by Sycamore Partners, a private equity firm, and the company was taken private. Since then, Staples has undergone a significant transformation, with a focus on becoming a business-to-business supplier of products and services. The company has streamlined its operations, divested some of its businesses, and invested in new areas such as facilities and breakroom supplies, promotional products, and technology services.
Staples currently operates through three main business segments: North American Delivery, North American Retail, and Corporate. The North American Delivery segment provides business customers with a range of products and services, including office supplies, technology products, facilities and breakroom supplies, furniture, and print and marketing services. The North American Retail segment operates a network of stores across the US, offering office supplies, technology products, and services to consumers and small businesses. The Corporate segment consists of the company's support functions, such as finance, legal, human resources, and information technology.
In recent years, Staples has faced intense competition from online retailers such as Amazon and from other office supply chains like Office Depot and Office Max. Despite this, the company has continued to focus on innovation and growth, investing in new areas and developing new partnerships.
As of 2021, Staples is a privately held company and therefore does not have a publicly traded stock.
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