$SPLS (Staples, Inc.)

$SPLS {{ '2016-03-24T18:34:52+0000' | timeago}} • SEC

In 2015, $SPLS' cash used in investing activities was $374MM vs. $375MM in 2014, down $1MM. CapEx increased by $20MM YoverY, mainly due to investments in online businesses & investments aimed at improving the productivity of existing stores. In 2015, $SPLS spent a net $22MM to acquire three small businesses.

$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.

$SPLS {{ '2017-05-08T19:24:15+0000' | timeago}} • Announcement

$SPLS has appointed Brett Wahlin to the role of Chief Information Security Officer. He will report to Chief Technology Officer Faisal Masud, who leads Staples Digital Solutions, a new organization within the company which combines its traditional IT and digital organizations. Mr. Wahlin joins $SPLS from Hewlett-Packard Enterprise.

$IPG {{ '2017-04-21T13:18:48+0000' | timeago}} • Webcast

In connection with the performance of the verticals, $IPG stated that healthcare continues to be its strong vertical. In retail, $IPG has got some business wins from companies like $SPLS and $AMZN. In consumer packaged goods, $IPG faces pricing pressure and cut backs. Food and beverage was slightly positive and consumer goods was negative.

$SPLS {{ '2017-03-14T10:54:14+0000' | timeago}} • Announcement

$SPLS and Platinum Equity announced an agreement under which Platinum Equity will acquire $SPLS' business in Australia and New Zealand for an undisclosed amount. The transaction is expected to close in 2Q17. The divested business will continue to operate under the $SPLS brand in Australia and New Zealand until a new corporate brand is created.

$SPLS {{ '2017-03-09T14:41:29+0000' | timeago}} • Webcast

$SPLS said that FY17 free cash flow outlook of at least $500MM is driven mainly by the working capital. Working capital is not going to improve as much as it has this year, because of the Europe impact. The company expects to have a more normalized expense in FY17 related to the capital.

$SPLS {{ '2017-03-09T14:27:58+0000' | timeago}} • Webcast

$SPLS has four distribution centers that support retail stores. Sales mix has changed and the company has been working on the plans to reduce cost structure in the retail business. $SPLS declined to comment about the closure of the distribution centers.

$SPLS {{ '2017-03-09T13:56:43+0000' | timeago}} • Infographic

$SPLS Staples Inc. Earnings AlphaGraphics: Q4 2016 Highlights

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