Staples recently sent the board of The ODP Corp., parent of Office Depot and OfficeMax, a letter proposing an acquisition and the recipient replied that it would proceed on its own terms, which might include a deal between the two companies covering the consumer-facing side of its business.
Staples once again is moving to purchase Office Depot, which would consolidate the office superstore channel in similar vein to what has occurred in the electronic and home furnishings specialty retail channels, where Best Buy and Bed, Bath & Beyond dominate on the national scene.
The office superstore retail channel found itself in an advantageous position as the COVID-19 pandemic struck the U.S., as restrictions to personal movement caused many consumers to become remote workers. David LeClair was one of the people who helped Staples meet the challenge of a suddenly changed market dynamic.
Staples U.S. Retail will collaborate with Instacart in the launch of same-day delivery from more than 1,000 of the retailer’s locations in the United States.
Staples said it has debuted Staples Connect in the Boston area, a reinvented store with coworking, podcasting and community event spaces where professionals, teachers and students alike can connect and grow together.
To address the evolving workplace, Staples is launching Staples Studio, an in-store concept that offers customers access to a collaborative workspace with private or shared offices, community kitchens and meeting rooms, and a range of additional membership benefits.
Staples and Essendant have extended the expiration time of their previously announced tender offer, the companies have announced.
As summer rolls on, Staples is introducing the company’s 2018 back-to-school collection, which it describes as an extensive assortment of national name brand and exclusive products at affordable prices available in stores across the U.S. and online.
Staples has expanded its electronics recycling program and will now accept both single-serve and traditional coffee brewers for free recycling in stores.
Sycamore Partners has completed its acquisition of Staples, Inc.