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Staples, Inc. (SPLS)

- NASDAQ
  • Sep. 27, 2012, 11:31 AM
    Nomura doesn't think Staples (SPLS +2.1%) went far enough with its slashing of stores in the U.S. and Europe as it advises clients to stay on the sidelines. Visibility appears to remain cloudy on the stock as neither chatter that it would be taken private by p-e firms or the new strategic plan announced on Tuesday has stirred up anything resembling a rally.
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  • Sep. 26, 2012, 10:02 AM
    Shares of Staples (SPLS -3.4%) take another leg down as the company's sweeping reorganization plan continues to raise concerns on how much more downside is coming down the line. Peers Office Depot (ODP -3.5%) and OfficeMax (OMX -1.7%) are also in the line of fire of traders.
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  • Sep. 25, 2012, 1:14 PM
    Toys R Us Chairman Jerry Storch makes the case on Squawk Box that brick-and-mortar stores won't go away anytime soon, but will morph into mini-distribution centers. The line of thought follows a recent trend by retail players of using existing stores as fulfillment centers and showcasing more extensive pick up options to online buyers. The end game: Retail stores see a competitive advantage over Amazon if they can deliver products faster as they still dream about ultimately offering the holy grail of online shopping - same-day delivery.
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  • Sep. 25, 2012, 8:45 AM
    Quick reaction to a plan by Staples (SPLS) to reduce its retail footprint tips to the positive side with analyst Howard Penney noting that it's one of the biggest restructurings in recent memory from a company not teetering on bankruptcy. The plan could also make Staples more attractive to p-e firms as it includes repurchasing more stock and paying off senior notes. SPLS +0.1% premarket.
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  • Sep. 25, 2012, 8:34 AM
    Staples (SPLS) announces a new strategic plan that will include reducing its retail square footage space by 15% by the end of FY15 and enhancing its online business by integrating it directly with retail channels. Store closing in the U.S. and Europe will be accelerated as part of the trimming down. SPLS +1.1% premarket.
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  • Sep. 17, 2012, 8:18 AM
    Staples (SPLS) moves up 0.5% in premarket trading after peer Office Depot (ODP) lands an activist investor following last week's strong move on chatter that P-E firms were sniffing around. Despite all the bravado on low valuations for the office supply sector, Douglas McIntyre stays skeptical with the double-whammy of large store expansion and Amazon still looming as formidable challenges to overcome.
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  • Sep. 14, 2012, 9:51 AM
    Office supply chains Staples (SPLS +3.5%), Office Depot (ODP +3.8%), and Office Max (OMX +5.2%) post strong gains following late news yesterday that Staples is drawing interest from P-E firms. While still far from being back in favor, sentiment on the sector has picked up a bit with costs getting trimmed and back-to-school sales reported to be brisk.
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  • Sep. 13, 2012, 3:58 PM
    Staples (SPLS +4%) spikes higher as Fortune's Dan Primack reports several P-E firms are eying the office supplies chain. Among the firms is Bain Capital, which (as Mitt Romney reminds us) helped launch Staples in the '80s. Discussions are said to be preliminary, and no offer is expected before late this year "at the earliest." Primack notes Staples' strong cash flow and low valuation could make it an attractive P-E target, but its $8.1B market cap complicates matters.
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  • Sep. 11, 2012, 5:06 PM
    Staples (SPLS) declares $0.11/share quarterly dividend, in line with previous. Forward yield 3.87%. For shareholders of record Sep 28. Payable Oct 18. Ex-div date Sep 26. (PR)
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  • Aug. 21, 2012, 1:56 PM
    Brick-and-mortar retail nightmare: A study from research firm GroupM Next indicates that 45% of shoppers at a physical store will walk out and complete their purchase online if they can find price savings of 2.5% or more. At 5% savings, the number jumps to 60% of shoppers. The Amazon (AMZN) Effect continues to rev up as the numbers of shoppers who check product pricing on-the-fly with their mobile devices now stands at a whopping 44%. Pass the aspirin: SPLS, OMX, ODP, RSH, HGG, CONN, DKS, TGT, WMT, GPS.
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  • Aug. 15, 2012, 10:22 AM
    The common refrain on the office supply sector used to be that Staples (SPLS) would be the last man standing as peers OfficeMax (OMX) and Office Depot (ODP) fell by the wayside. But after Staples sees profits fall dramatically and cut its sales guidance, Herb Greenberg wonders if anyone will survive the sector carnage. Unlike Best Buy, leveraged buyouts don't appear to be in the mix. SPLS -14.5%, ODP -3.4%, OMX -4.4%.
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  • Aug. 15, 2012, 9:42 AM
    Staples (SPLS -15.5%) shares open at a nine-year low after missing Q2 estimates and lowering FY2013 guidance. Office product retail peers Office Depot (ODP -3.1%) and OfficeMax (OMX -5.6%) also are sharply lower.
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  • Aug. 15, 2012, 9:24 AM
    Premarket gainers: FACE +15%. LEE +9%. ANF +7%. JDSU +6%.
    Losers: SPLS -17%. JAG -12%. CSIQ -12%. CYOU -11%. CPRX -8%. DE -5%.
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  • Aug. 15, 2012, 7:50 AM
    Shares of Staples (SPLS) fall off 11.8% premarket after its Q2 earnings report (I, II) disappoints. As if slumping sales and lowered guidance wasn't dispiriting enough for the company, it took another kick in the teeth after retailing peer Target came in with strong results for the same quarter.
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  • Aug. 15, 2012, 6:48 AM
    More on Staples (SPLS): Sales fell lower Y/Y at North American Delivery, North American Retail, and International Operations segments. Adopts an even more conservative outlook, seeing flat sales growth and EPS increasing in the low single-digits. Shares -5.2% premarket. (PR)
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  • Aug. 15, 2012, 6:01 AM
    Staples (SPLS): Q2 EPS of $0.22 misses by $0.04. Revenue of $5.5B (-6% Y/Y) misses by $230M. (PR)
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Company Description
Staples Inc operates as an office products company that sells and delivers office products and services. The Company provides products, services and expertise in the categories of office supplies, technology, furniture, Copy & Print & among ohers.