Staples Inc. can be an American office retail company. It really is mainly mixed up in sale of office supplies and related products, via retail channels and business-to-business (B2B)-oriented delivery operations.
The business opened its first store in Brighton, Massachusetts on, may 1, 1986. By 1996, it had reached the Fortune 500, and it later acquired any office supplies company Quill Corporation. In 2014, in the wake of increasing competition from e-commerce market, Staples commenced to close a few of its locations. In 2015, Staples announced its intent to obtain Office Depot and OfficeMax. However, the purchase was blocked under antitrust grounds as a result of consolidation that could result.
Following the failed acquisition, Staples started out to refocus its businesses to downplay its brick-and-mortar outlets, and place more prominence on its B2B supply business. In 2017, following its sale to Sycamore Partners, the business was effectively put into three “independently managed and capitalized” entities sharing the Staples name, separating its U.S. retail operations, and Canadian retail operations, from the B2B business.