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Jun 8, 2022 · Staples Canada’s transformation continues with acquisition of leading Canadian office supplies dealers Denis Office Supplies and Furniture and Supreme Basics. By Staples Canada. June 08, 2022.
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- Ever-Smaller Sector
- ‘A Good Time to Rethink Their Business’
- In Pursuit
- Can There Be More Than One?
Office supply stores as a sector employ some 60,000 people and bring in $10.3 billion in revenue in the U.S., which is projected to decline roughly 2% a year through 2026, according to research firm IBISWorld. The firm noted that office supplies stores as an industry have suffered “consistent revenue declines” every year going back to 2005, due bot...
Store count can explain part of the sales decline in the sector, with both ODP and Staples rationalizing their footprint for a world that either wants or needs them less. According to Creditntell data, over the nearly four years between Q1 2018 and Q4 2021, Staples, Office Depot and OfficeMax each closed well over 100 stores in their respective foo...
There is one very specific, but consequential, question hanging over the sector: What is going to happen with ODP? Three possible known options are in the mix. ODP, as it previously announced, could split itself in two, separating its commercial and retail units into their own companies. Or it could sell itself to Staples. Or it could sell itself t...
About that regulatory risk ODP has alluded to in its Staples’ offer: A combination of Staples and ODP’s Office Depot and OfficeMax banners would leave just one national office supplies specialist in retail. Together, under Sycamore, they would control more than 80% of the specialty retail market in office supplies. The first time Staples and Office...
- Ben Unglesbee
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