$SPLS (Staples, Inc.)

$SPLS {{ '2015-08-19T14:24:19+0000' | timeago}} • Webcast

$SPLS 2Q15 Q&A: Matthew from Goldman Sachs asked about the Contract business in terms of new accounts generation? Shira said, what we've seen in the Contract business is actually very steady trends in both acquisition and retention. We saw double-digit growth in all of our categories beyond office supply.

$FINL {{ '2017-09-22T12:01:54+0000' | timeago}} • Announcement

$FINL has appointed Faisal Masud to its BoD, effective September 19, 2017. Masud, who currently serves as Chief Technology Officer of $SPLS, will serve as a Class-II director for a term expiring at Finish Line’s annual meeting of shareholders.

$SPLS {{ '2017-09-12T19:59:39+0000' | timeago}} • Announcement

Sycamore Partners, a private equity firm specializing in consumer and retail investment, has announced that it has completed its acquisition of $SPLS. As a result of completion of the merger, the common stock of Staples will no longer be listed for trading on Nasdaq. Finer details are under wraps.

$SPLS {{ '2017-08-24T12:27:50+0000' | timeago}} • Announcement

$SPLS said it grew mid-market sales in Staples Business Advantage, the company's North American contract business, by 11% year-over-year for 2Q17. Improved profitability in North American Retail with operating loss rate down 30 basis points. The company maintained non-GAAP gross profit rate at 25.5%.

$SPLS {{ '2017-08-24T12:24:45+0000' | timeago}} • Announcement

$SPLS swung to a profit in 2Q17 from a loss last year, which included merger termination fee and loss on sale of businesses. Net income was $55MM or $0.08 per share compared to a loss of $766MM or $1.18 per share last year. Sales fell to $3.91Bil from $4.03Bil. Non-GAAP EPS declined 8% to $0.12. Comparable sales decreased 1.1%.

$SPLS {{ '2017-08-15T15:30:06+0000' | timeago}} • Announcement

$SPLS said Arch Merger Sub has priced an offering of $1Bil in aggregate principal amount of Senior Notes due 2025. Consummation of the offering is expected to occur on Aug. 28, 2017. The proceeds will be used to finance consummation of portion of merger attributable to acquisition of North American Delivery business.

$SPLS {{ '2017-08-15T12:52:19+0000' | timeago}} • Announcement

$SPLS said that Arch Merger Sub Inc.,  a corporation formed by certain ‘funds’ for the proposed acquisition of Staples by such funds, has priced an offering of $1Bil in aggregate principal amount of senior notes due 2025. The notes will be issued at a price of 100% of the aggregate principal amount.

$SPLS {{ '2017-07-27T13:34:46+0000' | timeago}} • Announcement

The Federal Trade Commission has granted $SPLS early termination of the waiting period, under the Antitrust Act, in connection with the pending acquisition of the company by investment funds managed by Sycamore Partners. The termination of the waiting period satisfies one of the conditions to the closing of the pending acquisition.

$SPLS {{ '2017-06-29T13:07:12+0000' | timeago}} • Announcement

$SPLS entered into definitive agreement to be acquired by investment funds managed by Sycamore Partners for $10.25 per share in cash or about $6.9Bil. $SPLS' BoD unanimously approved the merger agreement and recommends that all $SPLS stockholders vote in favor of the transaction. The transaction is expected to close no later than December 2017.

$SPLS {{ '2017-06-12T21:22:32+0000' | timeago}} • Announcement

The BoD of $SPLS declared a quarterly cash dividend on its common stock of $0.12 per share. The dividend is payable on July 13, 2017, to shareholders of record on June 23, 2017.

$SPLS {{ '2017-05-25T14:42:07+0000' | timeago}} • Announcement

$SPLS appointed Michelle Bottomley as Chief Marketing Officer (CMO). In this role, Bottomley will be responsible for marketing across $SPLS, helping to promote the company's pivot to focusing on its North American Delivery business. Bottomley replaces former CMO Frank Bifulco, who had previously announced his intention to retire in 2017.

$RH {{ '2017-05-18T20:55:56+0000' | timeago}} • Announcement

$RH appointed Prakash Muppirala as Chief Technology Officer and President of RH Digital Innovations unit. Previously, Muppirala served as SVP, Global e-Commerce at $SPLS.

$SPLS {{ '2017-05-16T13:06:05+0000' | timeago}} • Webcast

$SPLS stated that the whole strategy for North American Retail is to preserve profitability. The company believes that the strategies it is taking here which include gaining more discipline around promotions and focusing on in-store selling are the right strategies and will enable it to preserve profitability.

$SPLS {{ '2017-05-16T12:47:02+0000' | timeago}} • Webcast

$SPLS said the uptick in gross margins is sustainable. This reflects better product costs and smarter promotional strategies as well as a change in mix to more higher value areas such as print and marketing services.

$SPLS {{ '2017-05-16T12:45:11+0000' | timeago}} • Infographic

$SPLS Staples, Inc. Earnings AlphaGraphics: Q1 2017 highlights

$SPLS {{ '2017-05-16T12:25:05+0000' | timeago}} • Webcast

$SPLS' Staples 2020 strategy has four priorities which are to accelerate growth in the mid-market in North America, preserve profitability in North American stores while rationalizing excess capacity, take action to drive profit improvement and reduce costs and to narrow the geographic focus to North America. $SPLS made progress on these in 1Q17.

$SPLS {{ '2017-05-16T12:17:26+0000' | timeago}} • Webcast

In 1Q17, comparable sales in Staples Business Advantage, $SPLS’ North American contract business, grew 1%. The company saw solid sales growth in its mid-market contract business with sales up 10% YoY. $SPLS grew operating income in North American retail.

$SPLS {{ '2017-05-16T10:58:58+0000' | timeago}} • Announcement

$SPLS closed 18 stores during 1Q17 and ended the quarter with 1,237 stores in the United States and 304 stores in Canada. The company remains on track to close about 70 stores in North America in 2017. For the full year 2017, $SPLS expects to generate at least $500MM of free cash flow.

$SPLS {{ '2017-05-16T10:57:40+0000' | timeago}} • Announcement

$SPLS expects 2Q17 non-GAAP EPS from continuing operations of $0.10-0.13. The company's earnings guidance reflects continued progress on its cost savings initiatives, offset by investments to accelerate growth in its mid-market contract business and in Pro Categories.

$SPLS {{ '2017-05-16T10:56:34+0000' | timeago}} • Announcement

$SPLS posted net loss for 1Q17 of $815MM or $1.24 per share, compared to a profit of $41MM or $0.06 per share last year. Sales declined to $4.15Bil from $4.36Bil. Non-GAAP EPS fell to $0.17 from $0.19. Total company comparable sales for 1Q17 decreased 3%.

$SPLS {{ '2017-05-16T10:55:41+0000' | timeago}} • Announcement

$SPLS slipped to a loss in 1Q17 from a profit last year. This is due to discontinued operations from the sale of controlling interest in its European operations, the sale of its businesses in Australia and New Zealand, and pursued the sale of its remaining businesses outside of North America.

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