I am thinking of investing in SPLS, but I would like to visit a store. I visited the co website and was surprised to learn that there was not a single SPLS location in Texas. It occurred to me that maybe SPLS is regional but apparently there are locations in Oklahoma and New Mexico.
This surprises me considering the size of the Texas market for business supplies. Anyone know why SPLS is not in this market?
in an indirect way. As of yet, there are not any stores in the state, but they do have a commercial and corporate distribution network (know as Staples C&C). I know this because our company buys all of its supplies from them, and we are located in Fort Worth. It is my understanding that they will eventually have stores here, sometime within the next two to three years.
It could be that they just havent found the right location to purchase yet for a store there. I live in pennsylvania and we have probaly 5 stores in our state so far that i am aware of. Each one of them does a wonderful business and they seem to ave a great selection of anything your heart could desire for your office..I was on a visit to Oklahoma in novemeber and they had just opened a staples store in early october there in the city of Muskoogee.. just give them a little time to expand to Texas.. Sam Walton didnt have a walmart in every state in his first 10 years of business and look where he is today... this is a great company and its only gonna get better..
I've followed Staples for more than 12 years now - even before they went public. I believe that management focused on growth, and didn't try to move into markets where there were existing competitors (ODP, particularly). As such, they proliferated in the East (Boston, Washington, NYC suburbs) and out West, in LA, and let ODP have Florida and Texas. This was a great move, since they were able to exploit unserved markets, and the management team was able to focus on growth. Later, after they established themselves as the main player in this segment, they began to pursue head-to-head competition versus ODP and Office Max.
If they aren't in your neighborhood yet, wait a few months.