Staples, Inc. to release Q2 2017 results on Thursday, August 24, 2017

FRAMINGHAM, Mass., 2017-Aug-18 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) will announce second quarter 2017 results on Thursday, August 24, 2017 before the market open.

On June 28, 2017, Staples announced that it had entered into an agreement to be acquired by funds managed by Sycamore Partners. The merger is subject to customary closing conditions, including the receipt of stockholder approval, and is expected to close in the third fiscal quarter of 2017.

In light of the proposed merger, Staples will not be holding an earnings conference call.

About Staples, Inc.
Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about empowering people to become true professionals at work. Headquartered outside of Boston, Mass., Staples, Inc. operates primarily in North America, with additional offices in South America and Asia. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Media Contact:
Bill Durling
508-253-2882

Investor Contact:
Scott Tilghman
508-253-1487

Source: Staples, Inc.

Staples, Inc. announces early termination of the waiting period under the “HSR Act”

FRAMINGHAM, Mass., 2017-Jul-28 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS or “Staples”) announced that on July 26, 2017 the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with respect to the pending acquisition of Staples by investment funds managed by Sycamore Partners, a leading private equity firm.

The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions, including Staples’ stockholder approval.

About Staples, Inc.
Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about empowering people to become true professionals at work. Headquartered outside of Boston, Mass., Staples, Inc. operates primarily in North America. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Additional Information and Where to Find It

This press release may be deemed solicitation material in respect of the proposed acquisition of Staples by Arch Parent Inc. (the “Parent”), an affiliate of investment funds managed by Sycamore Partners Management, L.P. Staples plans to file with the SEC and mail to its stockholders a Proxy Statement in connection with the transaction. This letter does not constitute a solicitation of any vote or approval. The Proxy Statement will contain important information about the Parent, Staples, the merger and related matters. Investors and security holders are urged to read the Proxy Statement carefully when it is available. Staples filed preliminary proxy materials with the SEC on July 21, 2017.

Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents filed with the SEC by the Parent and Staples through the web site maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of the Proxy Statement from Staples by contacting Staples Investor Relations department at investor@staples.com. In addition, the proxy statement and our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934 are available free of charge through our website at investor.staples.com as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC.

Staples, and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Staples’s stockholders with respect to the transactions contemplated by the merger agreement between the Parent and Staples relating to the proposed acquisition. Information regarding Staples’ directors and executive officers, including their ownership of Staples’ securities, is contained in Staples’ Annual Report on Form 10-K for the year ended January 28, 2017 and its proxy statement dated April 20, 2017, which are filed with the SEC. Investors and security holders may obtain additional information regarding the direct and indirect interests of Staples and its directors and executive officers in the proposed transaction by reading the proxy statement and other public filings referred to above.

Safe Harbor for Forward-Looking Statements

Statements in this press release regarding the proposed transaction between the Parent and Staples, the expected timetable for completing the transaction, future financial and operating results, future opportunities for the combined company and any other statements about the Parent and Staples managements’ future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” estimates and similar expressions) should also be considered to be forward looking statements, although not all forward-looking statements contain these identifying words. Readers should not place undue reliance on these forward-looking statements. Staples’ actual results may differ materially from such forward-looking statements as a result of numerous factors, some of which Staples may not be able to predict and may not be within Staples’ control. Factors that could cause such differences include, but are not limited to, (i) the risk that the proposed merger may not be completed in a timely manner, or at all, which may adversely affect Staples’ business and the price of its common stock, (ii) the failure to satisfy all of the closing conditions of the proposed merger, including the adoption of the merger agreement by Staples’ stockholders and the receipt of certain governmental and regulatory approvals in the U.S. and in foreign jurisdictions, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the proposed merger on Staples’ business, operating results, and relationships with customers, suppliers, competitors and others, (v) risks that the proposed merger may disrupt Staples’ current plans and business operations, (vi) potential difficulties retaining employees as a result of the proposed merger, (vii) risks related to the diverting of management’s attention from Staples’s ongoing business operations, and (viii) the outcome of any legal proceedings that may be instituted against Staples related to the merger agreement or the proposed merger. There are a number of important, additional factors that could cause actual results or events to differ materially from those indicated by such forward looking statements, including the factors described in Staples’ Annual Report on Form 10-K for the year ended January 28, 2017 and its most recent quarterly report filed with the SEC. Staples disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this press release.

Media Contacts:
Mark Cautela
508-253-3832
mark.cautela@staples.com

Investor Contact:
Scott Tilghman
508-253-1487
scott.tilghman@staples.com

Source: Staples, Inc.

Sycamore Partners to acquire Staples, Inc. for an equity value of approximately $6.9 billion

FRAMINGHAM, Mass. & NEW YORK, 2017-Jul-04 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS or the “Company”) and Sycamore Partners, a leading private equity firm, today (June 29, 2017) announced that they have entered into a merger agreement in which investment funds managed by Sycamore Partners will acquire the Company in a transaction that values Staples at an equity value of approximately $6.9 billion. Under the terms of the merger agreement, all Staples’ stockholders will receive $10.25 per share in cash for each share of common stock they own, which represents a premium of approximately 20 percent to the 10-day volume weighted average stock price for Staples shares for the period ended April 3, 2017, the last trading day prior to widespread media speculation about a potential transaction.

Staples’ Board of Directors has unanimously approved the merger agreement and recommends that all Staples stockholders vote in favor of the transaction.

Robert Sulentic, Chairman of the Board, said, “Today’s announcement is the result of a comprehensive process in which our Board, with the assistance of a transaction committee comprised of independent directors, and outside financial advisors, explored and considered various alternatives to enhance value for our stockholders. Staples’ Board believes that this process has led to a transaction which is in the best interests of our stockholders, as well as Staples and its employees.”

The transaction is subject to customary closing conditions, including the receipt of regulatory and stockholder approval, and is expected to close no later than December, 2017. The closing is not subject to a financing condition.

“With an iconic brand, a winning strategy, and dedicated and passionate associates who are deeply focused on the customer, Staples is truly an outstanding enterprise,” said Stefan Kaluzny, Managing Director of Sycamore Partners. “We have tremendous confidence in CEO Shira Goodman and great

respect for the Staples management team and are excited about this opportunity to partner with them to accelerate long-term profitability.”

“The Sycamore Partners’ team shares Staples’ entrepreneurial spirit and long-term vision,” said Shira Goodman, Chief Executive Officer and President, Staples, Inc. “This transaction will enable us to drive greater value for our customers and immense opportunity for our business.”

Barclays and Morgan Stanley & Co. LLC are acting as financial advisors and Wilmer Hale LLP is acting as legal advisor to Staples.

UBS Investment Bank, BofA Merrill Lynch, Deutsche Bank, Credit Suisse, Royal Bank of Canada, Jefferies, Wells Fargo Bank, National Association and Fifth Third Bank are providing debt financing for the transaction. BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting as financial advisors and Kirkland & Ellis LLP is acting as legal advisor to Sycamore Partners.

About Staples, Inc.

Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about empowering people to become true professionals at work. Headquartered outside of Boston, Mass., Staples, Inc. operates primarily in North America. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

About Sycamore Partners

Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The firm has more than $3.5 billion in capital under management. The firm’s strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. The firm’s investment portfolio currently includes Belk, Coldwater Creek, EMP Merchandising, Hot Topic, MGF Sourcing, NBG Home, Nine West Holdings, Talbots, The Limited and Torrid.

IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC

This filing may be deemed solicitation material in respect of the proposed acquisition of the Company by Sycamore Partners. The Company plans to file with the SEC and mail to its stockholders a Proxy Statement in connection with the transaction. This filing does not constitute a solicitation of any vote or approval. The Proxy Statement will contain important information about Sycamore Partners, the Company, the merger and related matters. Investors and security holders are urged to read the Proxy Statement carefully when it is available. Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents filed with the SEC by Sycamore Partners and the Company through the web site maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of the Proxy Statement from the Company by contacting Staples Investor Relations department at investor@staples.com. In addition, the proxy statement and our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934 are available free of charge through our website at investor.staples.com as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC.

The Company, and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders with respect to the transactions contemplated by the merger agreement. Information regarding the Company’s directors and executive officers, including their ownership of the Company’s securities, is contained in the Company’s Annual Report on Form 10-K for the year ended January 28, 2017 and its proxy statement dated April 20, 2017, which are filed with the SEC. Investors and security holders may obtain additional information regarding the direct and indirect

interests of the Company and its directors and executive officers in the proposed transaction by reading the proxy statement and other public filings referred to above.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

Statements in this press release regarding the proposed transaction between Sycamore Partners and the Company, the expected timetable for completing the transaction, future financial and operating results, future opportunities for the combined company and any other statements about Sycamore Partners and the Company managements’ future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” estimates and similar expressions) should also be considered to be forward looking statements, although not all forward-looking statements contain these identifying words. Readers should not place undue reliance on these forward-looking statements. The Company’s actual results may differ materially from such forward-looking statements as a result of numerous factors, some of which the Company may not be able to predict and may not be within the Company’s control. Factors that could cause such differences include, but are not limited to, (i) the risk that the proposed merger may not be completed in a timely manner, or at all, which may adversely affect the Company’s business and the price of its common stock, (ii) the failure to satisfy all of the closing conditions of the proposed merger, including the adoption of the merger agreement by the Company’s stockholders and the receipt of certain governmental and regulatory approvals in the U.S. and in foreign jurisdictions, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the proposed merger on the Company’s business, operating results, and relationships with customers, suppliers, competitors and others, (v) risks that the proposed merger may disrupt the Company’s current plans and business operations, (vi) potential difficulties retaining employees as a result of the proposed merger, (vii) risks related to the diverting of management’s attention from the Company’s ongoing business operations, and (viii) the outcome of any legal proceedings that may be instituted against the Company related to the merger agreement or the proposed merger. There are a number of important, additional factors that could cause actual results or events to differ materially from those indicated by such forward looking statements, including the factors described in the Company’s Annual Report on Form 10-K for the year ended January 28, 2017 and its most recent quarterly report filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

Contact:
Staples, Inc.
Media Contacts:
Mark Cautela
508-253-3832
mark.cautela@staples.com

Investor Contact:
Chris Powers
508-253-4632
christopher.powers@staples.com

Joele Frank for Sycamore Partners
Michael Freitag or Arielle Rothstein
212-355-4449
media@sycamorepartners.com

Source: Sycamore Partners

Staples, Inc. announces the appointment of Michelle Bottomley as Chief Marketing Officer

Staples, Inc. announces the appointment of Michelle Bottomley as Chief Marketing Officer

 

FRAMINGHAM, Mass., 2017-May-29 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) today (May 25, 2017) announced that Michelle Bottomley has been appointed Chief Marketing Officer (CMO). In this role, Bottomley will be responsible for marketing across Staples, helping to promote the company’s pivot to focusing on its North American Delivery business. She will report to Staples’ Chief Executive Officer and President Shira Goodman.

“Michelle brings tremendous breadth and balance in the marketing profession, and has a well-earned reputation as a leader of high-performing teams,” said Goodman. “Her strong background in business-to-business marketing, including working closely with and leading sales teams, and deep expertise in digital marketing will be critical as we transform Staples to be a solutions provider for businesses.”

Prior to joining Staples, Bottomley was Global Chief Marketing and Sales Officer at the human capital firm Mercer, where she helped significantly grow revenue through world-class branding, demand generation and data-driven digital experiences that integrated marketing and sales. Earlier in her career, she was Chief Marketing Officer for Barclaycard, one of the top five global credit card companies. Her ten-year career at Ogilvy & Mather included the significant growth of Ogilvy’s consulting organization and culminated in her role as Chief Operating Officer of Ogilvy’s flagship office in New York.

Bottomley replaces former CMO Frank Bifulco, who had previously announced his intention to retire in 2017, after three years leading Staples’ marketing organization and helping to launch the recent “It’s Pro Time” campaign.

Staples, Inc.

Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about empowering people to become true professionals at work. Headquartered outside of Boston, Mass., Staples, Inc. operates primarily in North America, with additional offices in South America and Asia. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Contact:
Mark Cautela
508-253-3832
Mark.Cautela@staples.com

Source: Staples, Inc.

###

Staples, Inc. to hold its 1Q 2017 results conference call on Tuesday, May 16, 2017

FRAMINGHAM, Mass., 2017-May-11 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) will hold its quarterly conference call to discuss first quarter 2017 results on Tuesday, May 16, 2017 at 8:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit Staples’ Investor Relations website at http://investor.staples.com.

About Staples, Inc.
Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about empowering people to become true professionals at work. Headquartered outside of Boston, Mass., Staples, Inc. operates primarily in North America, with additional offices in South America and Asia. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

SOURCE: Staples, Inc.

Contacts

Staples, Inc.
Media Contact:
Bill Durling
508-253-2882

Investor Contact:
Chris Powers/Scott Tilghman
508-253-4632/1487

Staples, Inc. completes sale of controlling interest in its European operations to a Cerberus Capital Management affiliate

FRAMINGHAM, Mass. & NEW YORK, 2017-Feb-28 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS) and Cerberus Capital Management, L.P. (“Cerberus”) today announced the completion of the sale of a controlling interest in Staples’ European operations to a Cerberus affiliate.Staples, Inc. will retain a 15 percent equity interest in the business, which has been separated into a privately-held company operating under the name Staples Solutions B.V. (“Staples Solutions”). Staples’ European business consists of retail, contract, and online businesses in 17 countries generating aggregate annual sales of approximately €1.7 billion.

“With the close of this deal, Staples’ global customers with a European presence will have their business needs met through the comprehensive services Staples Solutions will offer, while we will be able to fully devote our resources to growing our business in North America,” said Shira Goodman, Chief Executive Officer and President, Staples, Inc.

“We see great value in Staples Solutions and are confident that the company’s core strengths, when combined with an unwavering commitment to its customers and suppliers and Cerberus’ hallmark operational rigor, will strengthen Staples Solutions’ position as the leading provider of workplace products, services, and solutions to small, mid-sized, and large businesses in Europe,” said Steven F. Mayer, Co-Head of Global Private Equity and Senior Managing Director of Cerberus. “We have spent months getting to know the company and working side-by-side with its management team and its associates. Today, we are even more enthusiastic about our strategy to invest in key growth areas designed to improve the company’s competitiveness, position it for long-term sustainable growth, and capture opportunities that emerge from changes in the workplace products industry.”

As previously announced, upon today’s closing, Olof Persson, an executive with Cerberus’ operations team and the former President and CEO of Volvo Group, will become Chairman of Staples Solutions. Additional board members will include:

  • Stassi Anastassov, former President and Chief Executive Officer of Global Duracell, The Procter & Gamble Company
  • John Buchta, Senior Vice President, Tax and Treasurer of Staples, Inc.
  • Chan W. Galbato, Chief Executive Officer of Cerberus Operations and Advisory Company, LLC
  • Steven F. Mayer, Co-Head of Global Private Equity and Senior Managing Director of Cerberus Capital Management, L.P.
  • Peter Ventress, former Chief Executive Officer of Berendsen plc., International President of Staples, Inc., and Chief Executive Officer of Corporate Express NV

About Staples, Inc.
Staples helps business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

About Cerberus Capital Management, L.P.
Established in 1992, Cerberus Capital Management, L.P. is one of the world’s leading private investment firms. Cerberus has more than US $30 billion under management invested in three complementary strategies: operational private equity; global credit opportunities (including non-performing loans, corporate credit and distressed debt, mortgage securities and assets, and direct lending); and real estate. From its headquarters in New York City and network of affiliate offices in the U.S., Europe and Asia, Cerberus has the on-the-ground presence to invest in multiple asset classes globally.

Contact:

Mark Cautela
508-253-3832
mark.cautela@staples.com

Cerberus Capital Management, L.P.
Liz Micci
646-495-2700
emicci@gpg.com

Source: Staples, Inc.

Staples, Inc. elects Robert E. Sulentic as Independent Chairman of the Board

FRAMINGHAM, Mass., 2017-Jan-25 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) announced today (Jan. 24, 2017) that the company’s Board of Directors has elected Robert E. Sulentic to serve as Independent Chairman of the Board effective January 29, 2017. Sulentic, President and Chief Executive Officer of CBRE Group, Inc., joined the Staples Board in 2007 and most recently served as Lead Independent Director.

As previously announced, Ron Sargent, the company’s non-executive Chairman will retire from the company’s Board of Directors on January 28, 2017.

In response to a shareholder proposal that received support from a majority of shares voted at the company’s 2016 Annual Meeting, the Board of Directors has unilaterally amended and restated the company’s bylaws to reduce the threshold for shareholders to call a special meeting from 25 percent to 15 percent of Staples outstanding common stock.

“At Staples, we are committed to corporate governance best practices that promote strong board effectiveness and long-term value creation,” said Vijay Vishwanath, Chair of the Nominating and Corporate Governance Committee. “We have a solid track record of responding to shareholder feedback, and today’s announcement further illustrates our commitment to drive increased alignment with our shareholders.”

About Staples, Inc.
Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online, via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Media Contact:
Bill Durling
508-253-2882

Investor Contact:
Chris Powers
508-253-4632

Source: Staples, Inc.

Staples, Inc. with score of 100 percent on the 2017 Corporate Equality Index (CEI)

For Seventh Year in a Row, Staples Earns 100 Percent on Human Rights Campaign Foundation’s Annual Scorecard on LGBTQ Workplace Equality

FRAMINGHAM, Mass., 2016-Dec-09 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) today (Dec. 8, 2016) announced that it has received a score of 100 percent on the 2017 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign Foundation.

“Staples’ perfect score for the seventh year in a row is a testament to our deep commitment to an inclusive culture for our LGBTQ associates and the LGBTQ community at large,” said Erika Hopkins, Head of Inclusion & Diversity. “Staples recognizes how important it is to embrace diversity and support equality making us an employer of choice for LGBTQ job-seekers and their allies.”

The company supports a range of Associate Resource Groups (ARGs), a formal community of committed associates who support Staples business results, global diversity strategy, community involvement and associate engagement.

Staples’ Out At Work ARG, supporting lesbian, gay, bisexual and transgender associates, partners with local LGBTQ charities, volunteers at community events, and recently hosted the company’s annual National Coming Out Day that featured Maura Healey, the first openly-gay Attorney General in the U.S.

“As an ally supporting the LGBTQ community at Staples, I am especially proud to work for a company that promotes equality and a safe work environment for all,” said Paula Robertson, Sr. Export Compliance Specialist at Staples and Co-Chair of Out At Work. “It’s reassuring to know that our associates are respected and celebrated for their differences that create a diverse and innovative workplace.”

The 2017 CEI rated 1,043 businesses in the report, which evaluates LGBTQ-related policies and practices including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBTQ community. Staples’ efforts in satisfying all of the CEI’s criteria results in a 100 percent ranking and the designation as a Best Place to Work for LGBTQ Equality.

Please visit the company’s website for more information on Staples diversity practices.

For more information on the 2017 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei.

The Human Rights Campaign Foundation is the educational arm of America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual transgender and queer people. HRC envisions a world where LGBTQ people are embraced as full members of society at home, at work and in every community.

About Staples, Inc.
Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online, via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples(NASDAQ: SPLS) is available at www.staples.com.

Contact:
Scott Michel
508-253-4272
Scott.Michel@staples.com

Source: Staples, Inc.

Staples, Inc. declares quarterly cash dividend of $0.12 per share on its common stock

FRAMINGHAM, Mass., 2016-Dec-07 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) announced today (Dec. 6, 2016) that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on January 12, 2017, to shareholders of record on December 21, 2016.

About Staples, Inc.
Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online, via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples(NASDAQ: SPLS) is available at www.staples.com.

Media Contact:
Bill Durling
508-253-2882

Investor Contacts:
Chris Powers
508-253-4632

Scott Tilghman
508-253-1487

Source: Staples, Inc.

Staples, Inc. announces strategic partnership with Managed by Q

Partnership Gives Staples’ Customers Access to Expanded Services Offering through Managed by Q’s Platform

FRAMINGHAM, Mass. & NEW YORK, 2016-Nov-18 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS), the world’s largest office solutions provider and one of the biggest internet retailers, today (Nov. 17, 2016) announced that it has entered into a strategic partnership with Managed by Q, a web-based technology platform that connects business with the services they need to run a workspace and consolidate vendor management, to offer Staples’ business customers a one-stop shop for everything an office manager needs, including new services to Staples.

Staples will now provide customers in Chicago, Los Angeles, New York City, and San Francisco access to Managed by Q’s suite of office services. The platform lets users hire, communicate with, pay and review providers of over 100 different services, from cleaners and handymen to IT support and even workplace yoga. In the coming months, Staplesand Managed by Q expect to expand the service and create more solutions that make it easy to run the office.

“Partnering with Managed by Q directly supports Staples’ previously announced strategy to focus on providing mid-market customers even more products and services beyond traditional office supplies,” said Neil Ringel, executive vice president, Staples Business Advantage. “Office managers at mid-market companies are constantly looking for ways to streamline their workday and save time, and we’ve now made it easy for them to keep their workplace running by giving them one place to interact with their office management vendors.”

“We’re very excited to accelerate our growth nationally through a relationship with Staples,” said Dan Teran, Co-Founder and CEO of Managed by Q. “Staples has built an amazing business around the needs of office managers, so connecting to our market leading services platform is a natural fit and a real win for office managers everywhere”

With this partnership, Managed by Q will get access to Staples growing customer base of small and medium sized businesses, while Staples customers can now access a significantly expanded suite of office services. Staples is again bringing an innovative offering to market to solve the pain points of the office manager, similar to the recent announcement of a digital “Easy Button“ for ordering and customer service.

“The strength of Managed by Q’s technology and customer service aligns with Staples’ brand promise to help businesses make more happen,” said Faisal Masud, executive vice president, global e-commerce, Staples. “Managed by Q is truly a digital platform for the office that gives Staples’ customers access to whatever help they need, whenever they need it.”

About Staples, Inc.
Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online, via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples(NASDAQ: SPLS) is available at www.staples.com.

About Managed by Q
Managed by Q makes it easy to run an office. Founded in 2013, the company saves businesses and employees valuable time by providing a range of subscription and on-demand services, from cleaning and maintenance to supply replenishment and wellness. Today, the Managed by Q platform connects thousands of businesses to the services required to seamlessly run their workspaces. The company is committed to spreading a mission of economic empowerment, by creating good jobs for its operators and providing opportunities for small business to flourish. Managed by Q operates in New York, Los Angeles, Chicago and San Francisco. For more information visit Managed by Q.

Contact:
Mark Cautela
508-253-3832
mark.cautela@staples.com

Managed by Q
Tiffany Markofsky
305-710-2960
tmarkofsky@managedbyQ.com

Source: Staples, Inc.

Staples, Inc. to sell its UK retail business and operations to Hilco Capital Limited

FRAMINGHAM, Mass. & LONDON, 2016-Nov-18 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS) and Hilco Capital Limited (Hilco), today (Nov. 17, 2016) announced that they have reached an agreement for Staples to sell its UK retail business and operations to Hilco for nominal proceeds.

In May, Staples announced plans to explore strategic alternatives for its European operations as part of its new strategy.

“Agreeing to sell our UK retail business to Hilco aligns with our go-forward strategy of focusing on our North American and mid-market business, and is a meaningful step in that process,” said Shira Goodman, chief executive officer and president, Staples. “In addition, we continue to make good progress in evaluating strategic alternatives for the remainder of Staples Europe, which will let us streamline our operations, sharpen our focus and more aggressively pursue our mid-market growth strategy.”

The use of the Staples brand will be phased out by the UK retail business over the coming months.

Paul McGowan of Hilco Capital said, “We are pleased to have concluded a transaction with Staples, Inc. and look forward to working with the UK team. While retail in the UK has been challenged recently, a team led by retail veteran Alan Gaynor will work alongside the existing management team to build a plan for success for the business.”

About Staples, Inc.
Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online, via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples(NASDAQ: SPLS) is available at www.staples.com.

About Hilco Capital
Having completed more than 100 transactions, Hilco Capital is a leading operator in the turnaround and restructuring sector in the UK, Europe, Canada and Australia.

Hilco Capital currently owns, among other retailers, HMV and was responsible for the successful turnaround of the business over the course of the last four years. In addition, earlier this year, Hilco managed the operations and ultimate transition of the 99p Stores business to Poundland following their acquisition of the 250 store retailer.

Contact:
Mark Cautela
508-253-3832
mark.cautela@staples.com

FTI Consulting for Hilco Capital
Jonathon Brill
00 44 7269 7170
Jonathon.Brill@fticonsulting.com

Source: Staples, Inc.

Staples, Inc. to hold its 3Q 2016 financial results conference call on Thursday, November 17, 2016

FRAMINGHAM, Mass., 2016-Nov-11 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) will hold its quarterly conference call to discuss third quarter 2016 results on Thursday, November 17, 2016 at 9:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit Staples’ Investor Relations website at http://investor.staples.com.

About Staples, Inc.
Staples retail stores and staples.com help small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop, all backed with a lowest price guarantee. Staples offers businesses the convenience to shop and buy how and when they want – in store, online, via mobile or though social apps. Staples.com customers can either buy online and pick-up in store or ship for free from staples.com with Staples Rewards minimum purchase. Expanded services also make it easy for businesses to succeed with in-store Business Centers featuring shipping services and products, copying, scanning, faxing and computer work stations, Tech Services, full-service Print & Marketing Services, Staples Merchant Services, small business lending and credit services.

Staples Business Advantage, the business-to-business division of Staples, Inc., helps mid-market, commercial and enterprise-sized customers make more happen by offering a curated assortment of products and services combined with deep expertise, best-in-class customer service, competitive pricing and state-of-the-art e-commerce site. Staples Business Advantage is the one-source solution for all things businesses need to succeed, including office supplies, facilities cleaning and maintenance, breakroom snacks and beverages, technology, furniture, interior design and Print & Marketing Services. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Media Contact:
Bill Durling
508-253-2882

Investor Contact:
Chris Powers/Scott Tilghman
508-253-4632/1487

Source: Staples, Inc.

Staples, Inc. declares quarterly cash dividend of $0.12 per share on its common stock

FRAMINGHAM, Mass, 2016-Sep-15 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) announced today (Sep. 13, 2016) that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on October 13, 2016, to shareholders of record on September 23, 2016.

About Staples
Staples retail stores and Staples.com help small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop, all backed with a lowest price guarantee. Staples offers businesses the convenience to shop and buy how and when they want – in store, online, via mobile or though social apps. Staples.com customers can either buy online and pick-up in store or ship for free from Staples.com with Staples Rewards minimum purchase. Expanded services also make it easy for businesses to succeed with in-store Business Centers featuring shipping services and products, copying, scanning, faxing and computer work stations, Tech Services, full-service Print & Marketing Services, Staples Merchant Services, small business lending and credit services.

Staples Business Advantage, the business-to-business division of Staples, Inc., helps mid-market, commercial and enterprise-sized customers make more happen by offering a curated assortment of products and services combined with deep expertise, best-in-class customer service, competitive pricing and state-of-the art-ecommerce site. Staples Business Advantage is the one-source solution for all things businesses need to succeed, including office supplies, facilities cleaning and maintenance, breakroom snacks and beverages, technology, furniture, interior design and Print & Marketing Services. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America,Europe, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Media Contact:
Bill Durling
508-253-2882

Investor Contact:
Chris Powers/Scott Tilghman
508-253-4632/1487

Source: Staples, Inc.