Staples
Staples announced that it's working with Gazelle, a consumer electronics re-commerce service, to launch an electronics trade-in program. Through the program, Staples will accept the trade in of used electronics from more than 20 product categories regardless of where they were purchased, according to the company.
Kohl's becomes the first retailer to be named a Green Power Partner of the Year for the third consecutive year.
Framingham, Mass. -- Staples Inc. reported Tuesday that profit for the third quarter climbed 13% to $326.4 million, from $288.7 million a year earlier. Earnings met Wall Street expectations. Revenue rose 1% to $6.57 billion from $6.54 billion, missing analysts’ expected $6.71 billion. North American retail unit revenue was flat at $2.7 billion, with same-store sales down 1%. International revenue slid 7% on a local currency basis to $1.3 billion, leading the retailer to adjust its full-year forecast downward. "International results were weaker than expected as tight expense management was more than offset by very challenging top line trends,"
Calling assortment planning "probably the biggest initiative we have in the next two years," Kohl's CEO Kevin Mansell revealed during a recent conference call that the department store retailer would be rolling out a new assortment planning tool with "our technology partner SAS. "We've talked at length about the need to improve how we tailor our merchandise more appropriately by market so that it's on target to the customer that lives in that market," he added. "A lot of that has to do with having the right tools for our merchants and planners to use so that job becomes
E-commerce is exploding as more consumers choose to shop online — a trend that's bringing multichannel retailers record earnings. E-commerce accounted for 4.6 percent of total retail sales during the second quarter of 2011, up from 4.2 percent of total sales a year earlier.
FRAMINGHAM, Mass. — Staples is looking to appeal to more small business customers by offering an expanded selection of printed products through its Copy & Print service. To further entice these customers, through Nov. 12, the company is offering 30% off all purchases of Copy & Print services of $30 or more produced in store, online or by phone. “Staples wants to see small businesses succeed with print solutions that combine great quality and value,” said John Burke, SVP business services for Staples Inc. “Our customers can easily create a professional look and feel for their business with our
Office-supply chain Staples has teamed with Martha Stewart — whose home decorating empire includes a talk show, magazine and books — to create a new line of designer office supplies for the home office, the retailer said today.
FRAMINGHAM, Mass. — Staples has promoted Christine Komola to CFO effective Feb. 1, 2012. She will report to John Mahoney, Staples’ vice chairman. The responsibilities of the CFO will transition to Komola the next year. “Christine has established herself as a respected leader in the Finance organization since joining Staples 14 years ago,” said Mahoney. “She has deep knowledge of Staples’ global businesses and an excellent track record in leading our Finance teams in partnering with our operations to achieve our goals. I am confident Christine is well prepared to assume greater responsibility in leading our finance functions in
Worcester Business Journal Staff Writer Today Framingham-based Staples has approved the repurchase of $1.5 billion in stock and declared a quarterly cash dividend of 10 cents per share of common stock. The office supply store chain said it will repurchase shares in both the open market and privately negotiated transactions. The dividend, meanwhile, will be paid Oct. 13 to shareholders of record as of Sept. 23.
If your business is suffering from low workforce motivation, consider adding an incentive program. According to survey results from Staples Advantage, incentive programs which reward employees for meeting performance-based milestones, can help bolster performance and morale.