Staples Archives - CFO

Office Depot Rejects Takeover Bid While MGM Won’t Up Entain Offer

Office Depot Rejects Takeover Bid While MGM Won’t Up Entain Offer

The office-supply chain suggested it was open to a joint venture with its rival Staples.

By Lauren Muskett | January 19, 2021

Staples Offers to Buy Office Depot

Staples Offers to Buy Office Depot

Previous merger offers were blocked by regulators in 2016 and 1997.

By Lauren Muskett | January 11, 2021

Staples Prevails in Bidding War for Essendant

Staples Prevails in Bidding War for Essendant

The office supply company outbids Genuine Parts with a $487 million offer as it seeks to push further into business-to-business services.

By Matthew Heller | September 14, 2018

Robotics Is Going Mainstream in Finance

Robotics Is Going Mainstream in Finance

More than 4 in 10 companies have an enterprise-wide automation strategy in place, with finance leading the way, a survey shows.

By David McCann | May 31, 2018

Staples to Go Private for Nearly $7B

Mergers & Acquisitions

Staples to Go Private for Nearly $7B

The office supply chain company is seeking to pivot after its failed bid for Office Depot.

By William Sprouse | June 30, 2017

Staples Sells U.K. Stores to Turnaround Specialist

Staples Sells U.K. Stores to Turnaround Specialist

The sale to Hilco Capital is part of Staples' strategy of focusing on North American operations amid dwindling demand for traditional office products.

By Matthew Heller | November 26, 2016

Office Depot Breakup Bites Into Staples Earnings

Office Depot Breakup Bites Into Staples Earnings

Staples lost $766 million during a quarter when it booked nearly $1 billion in charges including the merger breakup fee.

By Matthew Heller | August 18, 2016

Office Depot Posts 3rd Straight Earnings Miss

Office Depot Posts 3rd Straight Earnings Miss

The company announced further cost-cutting measures, including the closure of an additional 300 stores in North America.

By Matthew Heller | August 3, 2016

Staples, Office Depot Stocks Dive on Merger Demise

Staples, Office Depot Stocks Dive on Merger Demise

The two office supply giants scuttled their proposed $6.3 billion merger after a judge said regulators had shown it would be anticompetitive.

By Katie Kuehner-Hebert | May 11, 2016

Finance Roundup for Executives

Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance. Read CFO.com's most recent headlines and standout stories.

By Kerry Maruna | April 11, 2016

Fitch Downgrades Staples to Junk on Weak Sales

Financial Performance

Fitch Downgrades Staples to Junk on Weak Sales

As a standalone company, Staples has "limited ability to reverse declines in sales and EBITDA over the forecast horizon," Fitch warns.

By Katie Kuehner-Hebert | April 8, 2016

EU Opens Probe of Staples’ Deal for Office Depot

EU Opens Probe of Staples’ Deal for Office Depot

With U.S. regulators close to a decision on the merger, it now faces an in-depth antitrust review by the European Commission.

By Katie Kuehner-Hebert | September 25, 2015

Bleak Week for Three Retailers

Bleak Week for Three Retailers

Staples says it will close 140 stores this year, while Lowe's and Target cut their revenue and profit forecasts, respectively.

By Iris Dorbian | August 20, 2014