I encourage anyone in an area with their new store,design to visit. You are spot on with what their target should be. Business solutions...... Extension of small businesses,
Focus on technology.....roomy , professional..... Does not look like the same old store. I believe there are several of these stores in test , mostly in the east. When you walk in, you feel like you are in a business , not a supply store. The consumables are off to the side, in perpendicular aisles, which lends to a neat organized appearance. In the center as you walk in is a help,desk, with specials, direct online connections and facilities to order online, with next day, prepaid delivery. These guys are not sitting still. I actually bought a few shares before earnings, based on the store, the staffing and attitude of the store personnel.
How can the management think they are a category killer when Target, Walmart and even CVS and Walgreens have sharper prices on stationary products. Best Buy kills them in computers and electronics. The Management is sitting on 25,000 sq ft stores with huge rents and low volume. Usually the sign of amateurs and "yes-men" in key positions. This company must re-invent itself or fold.
PLWY looks ready to break pass the .80 threshold after news of latest acquisitionspreads like wildfire. Management upbeat about newly acquired asset
Ron does not have the stomach to buy ODP. Buying CEXP was a difficult experience for Staples. the integration was a nightmare and keep in mind that CEXP did not have a retail component. Combining the retain and contract platforms would be a nightmare.
In my opinion Ron will not buy ODP.
I'm not sure having all the brick and mortar locations is the way to go, Staples has a pretty huge online presence, which I think is probably the way to go with office supplies at this point. In any case, where there is possible growth in stores is in the 3-D printing aspects of it, and I don't just mean selling the printers/supplies, which they are already dabbling in, but there is going to be huge growth in printing replacement parts on demand in the near future. I'd like to see Staples looking into that. Whoever cracks that field first is going to make a mint at it.
considering they are in the first quarter of a consolidation effort . I have to agree with some of the previous posts , though . SPLS needs to work on marketing , big time .
First off, I want to commend you on writing a well-written message (some of the people who post on these message boards write so poorly that I have to give them the benefit of the doubt by assuming English is their second or third language). Anyway, regarding the point of your message, yes, I thought Staples should have bought Office Max before Office Depot ever put in a bid for the company. Now that they are merged, Staples should either try to buy the company now, or try to continue to gain profits, and grow a cash pile. Then wait until the next next recession (the last two have been pretty deep), at which point, they could put in a bid for ODP at a fraction of its high before the recession.
However, Barnes and Noble did not take that route with Borders. They let Borders disappear, and they seem to be taking the same route with Books-A-Million. Since Staples is cutting its number of stores, maybe adding more brick-and-mortar locations by buying all the ODPs would be the opposite direction of where they want to go.
staples needs to buy office depot which is cheap in price relative to staples. There would still be competition via amazon, walmart, etc., but Staples would then thrive as the only brick and mortar office supplier. Given the competition from amazon and walmart, etc., there is no need for two (2) brick and mortar office retailers.
Traders make aggressive lunge at MEDA shares after management announces world’s largest communications services group, WPP PLC adoption of Klarity
Kimwang56- I am not an employee but rather someone who has followed the stock for some time. I will back up my point by asking you to follow the trend line since 2007 and you will see that the stock has steadily declined. They have eroded all potential shareholder value by mismanaging this deal, particularly through their arrogance in Europe and Australia. They turned profitable companies (particularly Australia) into loss making ones by insisting the staples way is the only way.
I agree that they have higher online volume. However, corporates favor ODP over SPLS. Small business goes for the cheapest price, AMZN, SPLS, ODP or WMT. Now the numbers are out for last quarter: Same story, different day.
Sentiment: Strong Sell