Product details

Staples Inc (Staples), a renowned name in office supplies was set up in 1985 in Boston. The company was known for its diverse range of products right from simple paper and pens to complex products such as ergonomic office furniture. Besides, the company was also famous for copy and print, break room supplies and other technology products. Over the years, Staples became the world's leading seller of office supplies. The company began its international expansion by foraying into Canada in 1991. Subsequently, Staples had entered the UK market in 1992 by collaborating with Kingfisher Plc. The company had a total of 107 stores in the British territory as of 2016. However, with the changing business environment, the company was facing a slump in sales and had taken steps to close down many stores in North America and the UK. The UK stores were sold to 'restructuring specialist Hilco for a nominal sum' in November 2016. Market experts observed that the jobs of about 1000 workers associated with Staples were at stake owing to the closure of the company in UK. Amidst a wave of uncertainty in the business environment, would Staples be able to revive its struggling business?