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- Staples Canada ULC, operating as Staples (Bureau en Gros in Quebec), is a Canadian retail sales company owned by Sycamore Partners. Staples was founded by Leo Kahn and Thomas G. Stemberg. Since 2017, Staples Canada has operated independently from Staples' U.S. retail and U.S. business-to-business (B2B) operations.
en.wikipedia.org/wiki/Staples_canada
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Staples Canada ULC, operating as Staples (Bureau en Gros in Quebec), [1] is a Canadian retail sales company owned by Sycamore Partners. [2] Staples was founded by Leo Kahn [3] and Thomas G. Stemberg. [4] Since 2017, Staples Canada has operated independently from Staples' U.S. retail and U.S. business-to-business (B2B) operations. [5]
Founded in 1991, Staples Canada is a privately-held company based in Richmond Hill, Ontario, with a network of over 300 stores across Canada. Follow @StaplesCanada on Facebook, Twitter, Instagram and LinkedIn and join the conversation by using #worklearngrow.
In 2017, after its sale to Sycamore Partners, the company was effectively split 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.
What is the history of Staples in Canada? For over 30 years, Staples has been the Canadian leader in office supplies and business solutions. As The Working & Learning Company, we inspire people to work smarter, learn more and grow every day.
- What Are Consumer Staples Stocks?
- Top Consumer Staples Stocks in Canada
- Pros and Cons of Consumer Staples Stocks
- Should You Invest in Consumer Staples Stocks?
Consumer staples stocks are companies that produce and sell products we regularly need, like food and household products. They can also include companies that make tobacco products and fizzy beverages, like pop and sparkling water. Since people buy consumer staples regardless of the economy’s health, this sector’s stocks tend to be less cyclical or...
Many of Canada’s top consumer staples stocks are grocery and discount stores, like Alimentation Couche-Tard, Dollarama, and Loblaws. While Canada doesn’t have mega-cap consumer staples stocks on par with those found in the U.S. (like Walmart and Procter & Gamble), there are plenty of good opportunities on Canada’s home-turf exchanges.
Pros
1. Stability in turbulent markets. People buy consumer staples during good times and bad. This can make them defensive stocksin recessions or good buy-and-hold stocks when you’re nearing retirement. 1. Established brand names with a loyal following. The companies in this sector typically enjoy a moat of brand loyalty: if you shop at Loblaws, you often continue shopping at Loblaws. This makes them more resistant to new competitors.
Cons
1. Limited year-over-year growth. Companies in this sector have narrow profit margins. Even the best companies will grow only moderately, but not enough to match the explosive returns on certain tech stocks. 1. Changes in consumer preferences. These companies might be stable, but they’re not immortal. If consumers change their habits – such as shopping online versus in-store – consumer staples can suffer losses.
Consumer staples stocks are well suited for investors with low-risk tolerances. Whether you’re approaching retirement or simply want more stability during volatile markets, consumer staples could anchor your portfolio and provide decent returns while other sectors are suffering. Even if you have a high appetite for risk, exposing a portion of your ...
Sep 7, 2024 · How Staples Canada is pivoting as tech joins paper and pens in the new hybrid world CEO Rachel Huckle says retail, while ‘evolving,’ is not going fully digital.
Oct 29, 2020 · In response to the current challenges facing the economy, Staples Canada has rolled out initiatives to help future-proof small businesses who make up approximately 98 per cent of Canada’s 1.2...
