Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Staples 3Q Sales $6.1 Billion
Dec 4, 2013
 Printable format
 Email this Article
 Search

Office equipment retailer Staples, Inc. reported sales of $6.1 billion in the third quarter of its fiscal year 2013 - a decrease of 4% from the third quarter of fiscal year 2012. The retailers third quarter ended Nov. 2, 2013.

Sales were impacted by 1% by the closure of 107 stores in North America and Europe in the 12 months preceding the third quarter of fiscal 2013. Foreign exchange rates also negatively impacted total company sales growth by 1%.

GAAP operating income in the quarter was $367 million, compared to a GAAP operating loss of $357 million in 3Q of fiscal 2012.

GAAP income from continuing operations in 3Q fiscal 2013 was $220 million, compared to a GAAP loss from continuing operations in 3Q fiscal 2012 of $569.

"It's been a year since we announced our strategic reinvention, and we're evolving our business to meet the changing needs of customers," said Ron Sargent, Staples chairman and CEO. "We continue to face weak demand for core office supplies, but we're driving growth online and in new categories, while aggressively managing expenses."

In the third quarter the company took a number of steps on its reinvention initiative, including:
* Launched the biggest refresh to Staples.com and Staples.ca since 2005.
* Added data science expertise and a Silicon Valley presence with the acquisition of Runa.
* Increased assortment on Staples.com by nearly 50% with the addition of 70,000 products.
* Rolled out new collaborative contract selling model in North America.
* Achieved 2013 cost reduction goal of $150 million ahead of schedule.
* Continued to aggressively reduce expenses and streamline in Europe.

Back to Daily News

 

Daily News

...........................................................

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows