Staples Inc.
Staples Inc. is an American office supply retail company headquartered in Framingham, Massachusetts.
Logo since 2019 | |
Store in Saugus, Massachusetts, November 2012 | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | May 1, 1986 Brighton, Massachusetts, U.S. |
| Founders | |
| Headquarters | , U.S. |
Number of locations | 994 stores (U.S., 2024)
40 warehouses/fulfillment centers (U.S.) |
Areas served | United States, Canada |
Key people |
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| Products | Office supplies and furniture Office and data center technology |
| Revenue | US$14 billion (FY 2019) |
| Owner | Sycamore Partners (2017–present) |
Number of employees | 75,000 (2021) |
| Subsidiaries |
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| Website | staples.com |
Founded by Leo Kahn and Thomas G. Stemberg, the company opened its first store in Brighton, Massachusetts on May 1, 1986. By 1996, it had reached the Fortune 500, and it later acquired the office supplies company Quill Corporation. In 2014, in the wake of increasing competition from e-commerce market, Staples began to close some of its locations. In 2015, Staples announced its intent to acquire Office Depot and OfficeMax. However, the purchase was blocked under antitrust grounds due to the consolidation that would result.
After the failed acquisition, Staples began to refocus its operations to downplay its brick-and-mortar outlets and place more prominence on its business-to-business (B2B) services. In 2017, after its sale to Sycamore Partners, the company was effectively split into three "independently managed and capitalized" entities sharing the Staples name, separating its U.S. retail operations, and Canadian retail operations, from the B2B business.