Staples Inc. is a retail company headquartered in the United States. It is primarily engaged across retail outlets and B2B-oriented distribution operations to sell office supplies and related goods.
What are Staples opening times?
| Monday | 08:00 AM – 09:00 PM |
| Tuesday | 08:00 AM – 09:00 PM |
| Wednesday | 08:00 AM – 09:00 PM |
| Thursday | 08:00 AM – 09:00 PM |
| Friday | 08:00 AM – 09:00 PM |
| Saturday | 09:00 AM – 09:00 PM |
| Sunday | 10:00 AM – 06:00 PM |
Is Staples open today? – Yes, it is.
What are Staples hours today? – See Staples opening times above
Is Staples open tomorrow? Yes
Is Staples open on Sunday? Yes, it’s open.
Staples closing time
What’s Staples closing time? Usually, it closes at 09:00 PM.
History
Leo Kahn and Thomas G. Stemberg, former competitors in the retail supermarket industry in New England, created Staples.
Staples’ concept was introduced in 1985 when Stemberg was working on a new company plan. His printer needed a rubber but could not procure a ribbon, as his local dealer was closed for the day of Freedom. Frustration with the reliance on essential supplies in small shops and Stemberg’s experience in the food industry led to a vision for a superstore of bureau supplies.
In 1986, the first shop opened in Boston’s Brighton neighborhood. Bain co-founder Mitt Romney has worked on the boards of directors for the next 15 years, helping shape their business model and began with funding from private equity companies like Bain Capital.
Staples established its Canadian subsidiary, The Business Depot, in 1991, and started opening shops under this brand, though all stores were renamed “Staples” about ten years later. In Vaughan, Ontario, north of Toronto, the first store opened. The following year, Staples opened its first British shop in Swansea and started to expand into Europe.
Staples joined the Fortune 500 companies at its 10th anniversary in 1996, with revenues over $3 billion. Staples and Office Depot posted on plans to merge on 4 September 1996. Despite OfficeMax’s rivalry, the Federal Trade Commission decided that the combined business would disproportionately raise the cost of office supplies as many local markets do not have OfficeMax that would control the fusion. Staples claimed that chains such as Walmart and Circuit City constitute serious rivalry, but the FTC had no impact on that claim. After the FTC declined to merge, the two companies formed a rivalry.
Shortly before construction started in 1998, Staples secured naming rights for the Staples Center in Los Angeles. Also, for approximately $685 million in cash and stock, Staples bought the Quill Company, an online and catalog retailer of office supplies.
Between 1999 and 2001, unsuccessful efforts were made to become a telecommunications company when Staples created Staples Communications from an investment group after acquiring the Canadian company Caricom. The company was sold later and renamed NextiraOne to the Platinum Equities.
Staples Holiday Hours – Open
| Date | Holiday |
|---|---|
| January 21 | Martin Luther King Jr. Day |
| February 14 | Valentine’s Day |
| February 18 | President’s Day |
| March 5 | Mardi Gras Fat Tuesday |
| March 17 | St. Patrick’s Day |
| April 19 | Good Friday |
| April 22 | Easter Monday |
| May 5 | Cinco de Mayo |
| May 27 | Memorial Day |
| July 04 | Independence Day |
| June 16 | Father’s Day |
| May 12 | Mother’s Day |
| September 02 | Labor Day |
| October 14 | Columbus Day |
| October 31 | Halloween |
| November 11 | Veterans Day |
| November 29 | Black Friday |
| December 24 | Christmas Eve |
| December 26 | Day after Christmas |
| January 01 | New Year’s Day |
| December 31 | New Year’s Eve |
Staples Holiday Hours – Closed
| Date | Holiday |
|---|---|
| April 21 | Easter Sunday |
| November 28 | Thanksgiving Day |
| December 25 | Christmas Day |
Staples near me
Summary
In Brighton, Massachusetts, on 1 May 1986, the company opened the first store. By 1996, it hit Fortune 500 and later purchased the Quill Corporation office supply company. Staples started to close some of its stores in 2014, following the growing competition in the e-commerce market. Pins revealed in 2015 its intention to purchase Office Depot and OfficeMax. However, because of this consolidation, the purchase was blocked on antitrust grounds.
After the failed acquisition, Staples has begun to refocus its activities on downplaying it’s brick and mortar outlets. The group was formally divided into three “independently managed and capitalized” businesses in 2017, following its sale to Sycamore Partners, with Staples as their name and its US retail operations and Canadian retail operations separated from the B2B.
FAQ
What is Staples called now?
It is now branded as Staples Industrial.
Is there Staples in Canada?
Staples is the largest office supply chain in Canada.
Why did Staples go out of business?
Staples, the world’s largest office supply chain, will close 140 locations this year due to increased competition from online retailers. The company closed 80 outlets within North America in the fiscal second quarter.
Is Staples in financial trouble?
In 2020, Staples had sales of approximately 8.67 billion U.S. dollars, a sharp decline from 2011, when they had sales of 24.7 billion U.S. dollars.
Is Office Depot same as Staples?
In 2016, Staples and Office Depot called off their merger after a federal judge issued an injunction temporarily blocking the $6.3 billion deal over antitrust concerns. Staples previously tried to acquire Office Depot in 1996. But the deal was called off after regulators raised antitrust concerns.
Is Staples closing in Canada?
In March, U.S. parent Staples Inc. announced a plan to shut as many as 225 stores in Canada and the U.S.
Is Staples Canada doing well?
Staples Canada’s digital transformation was a huge success in terms of speed to market, increased flexibility, improved performance, and cost efficiency. They experienced record highs in traffic and orders processed with 100% reliability, including BFCM and COVID load spikes.
Does Staples donate to nonprofit?
From cause marketing and sponsorships to grants and product donations, Staples® supports 501(c)(3) non-profit organizations focused on education and job skills in a variety of ways. In fact, in 2016 we gave more than $11 million to non-profit organizations around the world.
Is Staples on the Fortune 500?
The office supplies retailer has more than 1,900 stores worldwide.
How well is Staples doing?
Sales for office staples such as printer ink and toner rose 129% in 2020 at mass merchants including Walmart, Sam’s Club, Target and Costco, according to analytics firm 1010data. That fell somewhat (15%) in 2021 but remains up 95% over 2019 levels.
What is happening at Staples?
Staples Inc., the Framingham-based office supplies retailer, is no longer a public company after private equity firm Sycamore Partners said it completed its $6.9 billion acquisition of the company. Join the Boston Business Journal to unlock even more insights!
Who is bigger Staples or Office Depot?
Staples had more than 1,300 locations, while Office Depot had more than 1,500 following its merger with OfficeMax several years prior. Both, though, had committed to closing down locations. Today, Staples has 1,068 locations, and Office Depot has fewer than 1,250.
Is Staples being sold?
Staples, sold itself to the private equity firm Sycamore Partners in 2017 for $6.9 billion. Staples filed for antitrust approval to acquire Office Depot’s consumer division in November in hopes of clearing the path for such a deal.
Is Staples making money?
The retail business generated just $6.67 billion revenue in 2016, with comparable sales slumping 5%. The stores are still profitable, with an operating margin of 4.8%, but that’s down 52 basis points compared to 2015.
Is Staples merging with Office Depot?
In 2016, Staples and Office Depot called off their merger after a federal judge issued an injunction temporarily blocking the $6.3 billion deal over antitrust concerns. Staples previously tried to acquire Office Depot in 1996. But the deal was called off after regulators raised antitrust concerns.
Does Office Depot Price Match Staples?
Office Depot® and OfficeMax® stores, in the 50 United States and Puerto Rico only, and Officedepot.com (“Office Depot”) will gladly match the price on a qualifying item sold in store or online at Staples, Target, Walmart, Best Buy, or Amazon.com and copy and custom printing jobs from FedEx Office or The UPS Store (each …
Is OfficeMax and Staples the same?
Staples merged with Office Max more than a year ago.
Why did staples change their logo?
NewsChopper4 Alpha captures crews removing the iconic Staples Center lettering and logos from the outside of the stadium, to make way for its new identity as the Crypto.com Arena. The new name and logos are part of a 20-year naming rights agreement between the cryptocurrency platform and stadium owner AEG.
Did staples get bought out?
Staples, sold itself to the private equity firm Sycamore Partners in 2017 for $6.9 billion. Staples filed for antitrust approval to acquire Office Depot’s consumer division in November in hopes of clearing the path for such a deal.
