To expand market share, Staples began opening smaller stores in 2003 that are designed to facilitate entry into smaller markets (2004 Annual Report). In 2005, Staples has plans to add ten stores in smaller markets, expanding its total count of small stores to seventeen. This adds risk and uncertainty to operations. Staples will soon attack the Chicago market in 2005, where competitors OfficeMax and Office Depot are already well positioned, a move that is likely to encounter fierce resistance (Smart, 2005).
Bibliography
2004 Annual Report. Retrieved November 13, 2005 from Web site: http://library.corporate-ir.net/library/96/962/96244/items/150649/2004ar.pdf
Klebnikov, P. (2001, April 16). Hair of the dog. Forbes. Retrieved November 13, 2005 from Web site: http://www.forbes.com/archive/forbes/2001/0416/074_2.html?token=MTMgTm92IDIwMDUgMjM6MTU6MTcgKzAwMDA%3D
Staples, Inc. Fact Sheet, Hoover's. Retrieved November 13, 2005 from Web site: http://www.hoovers.com/staples/--ID__14790 -- /free-co-factsheet.xhtml
Staples, Inc. reports fiscal 2004 and fourth quarter results (2005, February 24). Retrieved November 13, 2005 from Web site: http://72.14.203.104/search?q=cache:jW7JGhWuRAgJ:media.corporate-ir.net/media_files/nsd/spls/toolkit/Q404_PR.pdf+staples+%22year+ended%22+2004&hl=en
Staples: Riding high on small biz (2004, April 5). Business Week. Retrieved November 13, 2005 from Web site: http://www.businessweek.com/magazine/content/04_14/b3877642_mz073.htm
Staples How has Staples Inc. invested in and assessed their corporate social responsibility? Where have they invested? Staples is focused on activities that are helping to benefit the environment and communities. This is because their practices will have an impact on employees and customers. The way that they have invested in these areas is concentrating on the long-term effects to different groups and through financial / other resources. ("Corporate Social Responsibility," 2010) To
04 1,204.52 1,264.15 1,060.36 Accounts receivable 1,892.39 1,855.93 1,953.50 2,033.68 2,125.03 Other receivables net Net Receivables Inventories 2,417.37 2,629.60 2,502.83 2,431.84 2,526.98 Assets held for sale Discontinued operations Other current assets Income Taxes Prepaid expenses Subtotal 5,063.31 5,137.28 5,041.29 5,026.67 5,274.03 Total Current Assets 6,083.35 6,121.94 6,245.81 6,290.82 6,334.40 LIABILITIES Accounts payable 2,170.42 2,236.14 2,194.42 2,220.41 2,337.33 Accrued liabilities 1,326.44 1,198.68 1,274.71 1,414.72 1,437.94 Compensation Shortterm debt Other current liabilities Income & other taxes Deferred income Cash dividends payable Total Current Liabilities 3,759.82 3,933.80 3,907.24 4,074.28 4,205.46 Working Capital 2.223.83 2.128.94 As being revealed in Table 5, the working capital ratio from 1.53 in 2011 to 1.58 in 2012 revealing the company is growing strong in term of its working capital. Table 5: Staples Working Capital Ratio Nov. 3, 2012 Aug. 3, 2012 May 3, 2012 Feb. 3,
Staples Full Analysis of Staples for 2012 Throughout 2012, Staples has been in the process of going through a major restructuring. This is because the firm is experiencing challenges associated with the fiscal cliff, intense competition from rivals and stagnant consumer spending in key markets (most notably: North America, Australia and Europe). ("Staples Inc.") This is illustrating how the company has been dealing with major challenges that are hurting their business model. Valuation
Staples Digital Advertising Project for Staples Business entails realizing the needs and expectations of the customer and exploring that opportunity to make profits. Staples is a company whose starter saw the needs of customers in offices and other places of work, and capitalized on their need for office furniture and stationery alongside other requirements. The company is clipping along into the first position ranking as the office products, furniture, computer and
Throughout 2006 and into 2007, Staples has faced significant challenges against competitor superstores including Wal-mart which has taken on an increasingly competitive role in supplies for small business. North American Delivery, the fulfillment center area of Staples, posted a 24% gain in revenue and is on its growth plan that management defined for investment analysts in 2006. While the North American sectors of the business are mixed in results, the
The other competitors of the company are Corporate Express, Inc.,IKON Office Solutions, Inc., Wal-Mart Stores, Inc. And United Stationers Inc. 3. Analysis of potential new entrants Threat of new entrants (Source: Datamonitor,2007) The threats of new entrants into new entrants in this industry are noted to be very string. This is because most of the supplies are in the form of commoditized products that never benefit greatly from the brand loyalty. This
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