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Office Depot, Inc. (NASDAQ:ODP) Issues 2Q Results, Continues To Face Industry Challenges

Office Depot, Inc. (NASDAQ:ODP) has reported on Wednesday a net income of $210 million or an earnings per share (EPS) of $0.38 for the second quarter. The company had a 6% year-over-year plunge in revenue, coming in at $3.22 billion for the period. This marks the third consecutive period that the company missed its financial […]

Office Depot, Inc. (NASDAQ:ODP) Appoints Hilton Worldwide Holdings Inc (NYSE:HLT) EVP, General Counsel Campbell As New Board Of Directors Member, Unveils Realspace Modern Comfort Series

Office Depot, Inc. (NASDAQ:ODP) has named on Monday the newest member of its Board of Directors, Kristin Campbell, who will be part of the Audit Committee as well. Roland Smith, Office Depot Chairman and CEO, stated in behalf of the company that he is pleased to have Campbell on board, believing that her experience of […]

Office Depot Inc (NASDAQ:ODP) Reports New Partners in Malta And Romania

Office Depot Inc (NASDAQ:ODP) a leading international provider firm of office products, solutions and services reported new partnerships in Malta and Romania so as to expand its geographical market in Europe. The company selected Complete Supplies LTD as the new local associate for its businesses in Malta, and in Romania, Austral Trade S.R.L. will act […]

Staples, Inc. (NASDAQ:SPLS) To Introduce 3D Printing To Its Market

Staples, Inc. (NASDAQ:SPLS) is planning to venture into the 3D printing market. The company’s supply chain launched an online platform where users can send the digital prints of the items that they want to be converted into 3D designs. To achieve the goal, Staples is working together with Sculpteo, an online 3D printing firm. The […]

Raytheon Company (NYSE:RTN) Acquires Websense Inc (NASDAQ:WBSN) For $1.9 Billion

Raytheon Company (NYSE:RTN), a leading arms manufacturer in the U.S., has announced plans to acquire Websense Inc (NASDAQ:WBSN), a leading provider of cybersecurity solutions, from Vista Equity Partners LLC. The deal is valued at $1.9 billion. Vista Equity has acquired Websense Private in a deal valued at $990 million two years ago. Following the acquisition, […]

Staples, Inc. (NASDAQ:SPLS) Unveils New Health And Fitness Center At Its Global Corporate Headquarters

Boston, MA 09/24/2014 (wallstreetpr) – Office products company, Staples, Inc. (NASDAQ:SPLS) disclosed that it has unveiled a new health and fitness center in its Framingham’s global corporate headquarters in the State of Massachusetts. It said that the move was part of its efforts to update the campus, including a new healthier cafeteria, smoke-free zone and […]

Staples, Inc. (NASDAQ:SPLS) Endeavors To Secure Customer Transactions By Supporting Apple Pay At Stores

Boston, MA 09/10/2014 (wallstreetpr) – Staples, Inc. (NASDAQ:SPLS) announced collaborating with Apple Inc. (NASDAQ:AAPL) as an effort to secure cashless transactions. Staples, one of the biggest internet retailers across the globe, today announced that it has plans to enable its stores in the U.S. with the new Apple Pay® technology. The retailer seeks to embrace more […]

Office Depot Inc. (NYSE:ODP) Reiterates Full Year Guidance Amidst increased Headwinds

Boston, MA 09/05/2014 (wallstreetpr) – Office Depot Inc. (NYSE:ODP) has moved to calm its shareholders amidst increased concerns on the amount of headwinds that it is currently facing. Increased competition, as well as reduced demand for the company’s office products continues to be some of the main challenges that the company is grappling with according […]

Staples, Inc. (NASDAQ:SPLS) Announces Series Of Enhancements For Omnichannel

Boston, MA 09/05/2014 (wallstreetpr) – Online retailer of office products, Staples, Inc. (NASDAQ:SPLS) disclosed that it had made a series of improvements to its omnichannel experience thus providing customers an easy way of doing their businesses. Enhancements in Omnichannel The enhancements in omnichannel allow the consumers the facility to buy products through online and also pick […]

Staples, Inc. (NASDAQ:SPLS) Shares Accelerating As Credit Suisse Analyst Suggests Takeover Deal With Office Depot Inc (NYSE:ODP)

Boston, MA 09/03/2014 (wallstreetpr) – Staples, Inc. (NASDAQ:SPLS) is feeling all good these days as Credit Suisse analyst’s suggestion to it for buying Office Depot Inc (NYSE:ODP) in order to keep online retailers at bay, is showing positive results. This is seen as the maximum increase in the time duration of past six years; especially […]

Staples, Inc. (NASDAQ:SPLS) Joins Back To School Bandwagon By Offering More Savings To Collegiate

Boston, MA 08/22/2214 (wallstreetpr) – Staples, Inc. (NASDAQ:SPLS), which is also gearing up for back to school season with new semester, is offering campus and classroom supplies at discounted prices. Ranging from dorm décor facilities to right textbooks, gadgets and latest technology, the company is offering great prices at the supplies. Statement from Staples In […]

Staples, Inc. (NASDAQ:SPLS) To Shut Down 140 Stores In North America

Boston, MA 08/20/2014 (wallstreetpr) – Office products company, Staples, Inc. (NASDAQ:SPLS) disclosed that it had closed 80 stores in North America in the second quarter. This apart, the company is also planning to shut down another about 140 stores in the same region in the current year. CEO Comments The company Chairman and Chief Executive […]

Staples, Inc. (NASDAQ:SPLS)’s Canada to Identify Packaging Reduction Opportunities

Boston, MA 06/06/2014 (wallstreetpr) – Office products company, Staples, Inc. (NASDAQ:SPLS)’s Canada division will start identifying packaging reduction opportunities besides expanding the company’s eco-responsible product assortment. The company has also made it clear about its programs for battery and recycling of ink cartridge apart from setting the target for the current year. Sustainability Goal Staples, Inc. […]

Shareholders Rebuke Staples, Inc. (NASDAQ:SPLS) Over Unfair Bonuses

Boston, MA 06/06/2014 (wallstreetpr) – Staples, Inc. (NASDAQ:SPLS) performed poorly in 2013 that the company’s executives did not qualify for bonus compensations. However, four top executives took home a one-time payout as a reward for their extra work in turning around the company. The decision by the executives to allocate bonuses for themselves amid poor results […]

Xerox Corp (NYSE:XRX) Yet To See Impact From Closing Of Stores By Staples (NASDAQ:SPLS), Office Depot (NYSE:ODP)

Boston, MA 06/03/2014 (wallstreetpr) – The document printing solutions provider Xerox Corp (NYSE:XRX) distributes its printing products through office supply retails such as Staples, Inc. (NASDAQ:SPLS) and Office Depot Inc (NYSE:ODP) among its other distribution partners. As consumer shopping habits change, the office supplies retailers have been adjusting their systems to comply with the market […]