Staples (SPLS) Management Needs Bigger Knife, Think Best Buy (BBY)
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Staples (SPLS) Announces Streamlining; to Accelerate Store Closures, Sell European Printing Business
September 25, 2012 8:17 AM EDTStaples, Inc. (Nasdaq: SPLS) announced that it is embarking on a strategic plan to better serve the needs of its customers and accelerate growth. Staples will integrate its retail and online offering, increase investment in its online businesses, reorganize its operations, implement leadership changes, initiate a multi-year cost savings plan, and restructure its International Operations.
Our vision is to establish Staples as the single-source product authority for millions of businesses, said Ron Sargent, Staples chairman and chief executive officer. We are building on the strengths that are the foundation of our success by focusing on... More
