Rumors are IT outsourcing and layoffs coming next week at corporate. HR has been huddled with the executives. And so it begins...

There are rumblings, that the AC program is going to be shut down as part of the 20/20 Sycamore Change. As they are ultimately a money losing team. There accounts will be split, the “big” ones will go to the SAL’s and the tiny accounts will go inside... — read more 

It looks like a massive slaughter occurred today at SBA-MM, as they shut down the ever failing AM 10-29 er 10-19 program. Hundred of people were let go from both the B2B and AM side in those three regions. Survivors were of course BP’s favorites... — read more 

And now, here is what to expect from PE You are always for sale – Unfortunately there are negatives to working for PE held firms. This is one of the most unnerving for some and where public firms who are more stable have an edge. PE firms are in... — read more 

It's done.

Staples Inc. stockholders yesterday overwhelmingly approved the proposed $6.9 billion sale of the nation’s No. 1 office supplies chain to New York private equity firm Sycamore Partners, but rejected “golden parachute” compensation for top Staples... — read more 

https://risnews.com/2017-cio-year-awards-results-are I've been out for a while but sounds surprising to me, any new insights?

The long awaited Q2 earnings report is expected in less than 24 hours. However, other than the standard "rou-hah" calls, there won't be an official, investor relations call. There's nothing earth-shattering expected in the report, but the timing and... — read more 

Been told our store may be chosen as a test store for self serve check outs. Store will carry 3 part time front end supervisors all year, but no cashiers will be scheduled. That extra person will be working on the floor. From opening to 11am-ish, the... — read more 

I worked for a store in the Bay Area 2 years ago, although it was very brief. I feel like the way they worded stuff to me it was a way for me to resign from my position. Which I did so, i've always felt uneasy since that day. Should I even bother... — read more 

And what impact will it have on Sycamore's approach to Staples once it owns it? There is no way Sycamore will keep retail as it is. There's no point to that. It would make no sense to keep a bleeding retail business as it is now. And even though the... — read more 

Article with perspective on the selling of brick and mortar. http://www.retaildive.com/news/staples-spinning-off-retail-business/449556/

This article was posted earlier but taken down. It is on Reddit as well. My old store in CA was just as bad trying to get rid of people. Glad I am out, but sad for those who are still there and those who were let go in such underhanded manner. This... — read more 

https://www.rtmworld.com/2d/news/staples-investors-sue-over-6-9b-sycamore-buyout/

I just turned in my keys today! Been a long time (DAILY) reader of this website for a few years now but have never made a post in fear of retaliation some how. I feel bad that I left my GM while still being on the schedule for the next two weeks, but... — read more 

Once retail is gone, which will happen, it will be stripped down to a few choice locations, who will be to blame? As long as the same clowns who killed this company are running any part of it, failure will be the outcome. And there won't be the... — read more 

http://investor.staples.com/phoenix.zhtml?c=96244&p=irol-sec#15156736 "On August 10, 2017 a fourth purported class action lawsuit relating to the Merger was filed against the Company and each of its directors in the United States District Court for... — read more 

At closing of the Merger, Staples expects to separate its United States retail business (“U.S. Retail”) and its Canadian retail business, including the staples.ca business (“Canadian Retail”, and together with U.S. Retail referred to as “Retail”)... — read more 

If you participated in the employee stock purchase plan, what happens to those shares if the buyout goes through?

If you have access to your DM's AS/400 you will see.... Service plans and services represent LESS than 1% of retail sales and LESS than 2% of margin in retail. MUCH less than 1% of our total company sales. Why are we shoving these things down our own... — read more 

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Next month....

https://seekingalpha.com/article/4092981-need-tender-staples?auth_param=1duelb:1co0k6n:2c7d38f4a5587055d458cca33f5c3f8e&dr=1 The value is less than what Staples could or should get. Shareholders should say NO to the deal or file a class action... — read more 

Folks, I had an epiphany today as I flushed my morning constitutional. No, not the obvious sentiment of watching a multi-year career at Staples go down the drain but the realization that for the first time since her taking over the reins I agree with... — read more 

www.cnbc.com/2017/06/29/staples-6-point-9-billion-buyout-could-end-in-the-shredder.html What if Sycamore falls through? The debt payouts may be more than Staples has to give. This is not over and could end even worse. How did this company get so... — read more 

Staples has held talks with Office Depot about spinning off 1,500 retail stores, according to New York Post. Earlier this month, the company revealed in a SEC filing that "Party A" offered between $625M and $700M for its retail stores in North... — read more 

If they do intend to attempt to "save" retail they need to increase morale, Stores are literally dumpster fires right now. Comps are down due to changing shopping trends, but more so because there's no staff in stores. You can't run a store with 3 or... — read more 

I used to work in ecommerce but left middle of last year. What's the scoop with FM?

Time to start loading them up with a bunch of age discrimination suits. If one $26 million dollar settlement doesn't make them rethink their SOP then maybe 20 or 30 or more will. Any new hires know if they are making people sign arbitration binders... — read more 

Finally after 11 years and 10 good performance appraisals I suddenly got a "does not meet expectations" on my review. I had received no mid year eval or any write-ups that year, just a poor eval with totally off the wall comments. I put 2 and 2... — read more 

Region 6 question from the RVP is why are comps negative. This guy is joke why cause customers have caught on to staples and the overpriced supplies and the skeleton crews that can't help everyone. No tasking help customers but then why is the 15... — read more 

Alright folks, seems we can all read the writing on the wall. Even if Staples as we know it survives there will be dramatic changes. There's no escaping that. I've worked for the company a long time and I have fond memories going back to the mid... — read more 

We had an emergency call yesterday that the RVP of region 4 (won't name names but it's easily discoverable) is quitting effective right before most stores in the Region 4 market hit their peak BTS days. THE SHIP IS ALMOST COMPLETELY SUNK. ABANDON NOW... — read more 

I just heard this morning, that looks like district 61 will be closing two (2) stores and district 94 will be closing up to either four (4) or five (5) stores? Any truth to the rumor I heard, if so I need to get out fast before they come after my... — read more 

Yeah, that's the reason Staples is in decline. You pay them nothing, they have no incentives, have no career path, basically a body on a floor because there are so FEW OF THEM. Staples is dead. You can thank people like MD, VS, OP, RS, and the list... — read more 

When are store teams going to take any ownership of their own actions. I get that you need more labor but how about effectivily using what you have first. I live in a market well outside of Boston, in a city with around 10 stores. With the exception... — read more 

If you are an AE - AM - or Regional Manager, they are going to lower your pay or show you the door. They will trim the B to B business to the bone. There are no other companies that have these high wage folks in the industry. Party is over! Staples... — read more