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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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Staples
M&A
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
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M&A
Staples Offers to Buy Office Depot
Previous merger offers were blocked by regulators in 2016 and 1997.
By
Lauren Muskett
| January 11, 2021
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M&A
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
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Technology
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
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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
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Turnarounds
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
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Strategy
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
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Strategy
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
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Strategy
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
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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
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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
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Strategy
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
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Strategy
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
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