Should I cancel it? Sounds like Staples isn't the place to be at the moment.
They can't just close stores willy nilly
The problem is very basic. Leases! It would cost more to get out of many leases than it would to operate some stores even if the store was losing "a little" cash. If you want to evaluate your END DATE you only need two pieces of information (maybe... — read more
SG and the Head of Sycamore visiting the West coast stores
Why only reinvention stores ?
Amazing the lengths this company will go to- UNETHICAL
66-year-old man awarded $26 million in age discrimination lawsuit against Staples By City News Service Posted: 02/27/14, 11:31 AM PST | Updated: on 02/27/2014 5 Comments LOS ANGELES - In what an attorney says is the largest award of its kind in Los... — read more
No Employees Reading This Site Now
Too busy looking for jobs. :)
Sycamore splitting Staples?
So, according to WSJ, Staples will be divided into three separately financed entities to create the leverage for its buyout. We'll be split into US retail, Canadian retail, and corporate-supply unit. This is pretty much what Sycamore did with Jones... — read more
We need some serious changes at Staples
Does anybody else see the hypocrisy in having the CIO explain how private equity is going to "save" Staples but not addressing how we got to where we are. I mean for someone who has been in upper management since 1992 in Staples, there is some... — read more
Bleak future for staples
This sale to a equity firm is just paving the way for the company to go out of business eventually.
401K>>>Since your current plan has no CASH Option to Protect You
The majority of plans allow employees to roll over funds while they are still working. A 401(k) rollover into an IRA may offer the opportunity for more control, more diversified investments and flexible beneficiary options. I don't know the details... — read more
SEVERANCE PACKAGE .... ? HAHAHAHA
SEVERANCE PACKAGE .... ? HAHAHAHA They ended those over two years ago. The only way you get one now is to HAVE something on them... If you are UP there in salary you can expect PIPS, write ups, notes to file, STRESSSSSSS, with the planned out come... — read more
Probably many more Staples stores on the chopping block
I would expect MUCH more aggressive closure of stores now, if not a complete sell off of the entire retail division. But who would want it? No one in retail NEEDS stores... I wonder how many of the C-level execs will be replaced and how soon. Grabbed... — read more
You get what you deserve
This company s---s. From top down to the bottom. We get what we deserve with the upper management team we have. One way or another they will or are getting rid of us. You do realize that right. Please tell me you realize that. Unless your desperate... — read more
If Staples was truly well positioned financially, why accept a buyout price so close to the market price? Another smoke and mirrors.
https://seekingalpha.com/article/4084798-staples-game-now-know-ends#alt2 Interesting article about the sell. Maybe Staples isn't worth what they were saying all along. The ones doing all the work or who believed in this company for so long are the... — read more
Sycamore deal will be a nightmare for Staples employees
Staples in Deal With Sycamore for About $6.9 Billion: If you thought things s--- now, you ain't seen nothing yet. Your going to get carved up like a roast. I can see selling some stores, closing all the others, Selling the business delivery business... — read more
Any updates on Sycamore Partners Buying Staples
Has anyone heard any updates on Sycamore Partners buying Staples? I heard something may come out this week.
CIO of the Year
Your buddy FM is CIO of the Year https://risnews.com/see-who-was-named-cio-year?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3B2mdiVQBDRVGsMisyOuLzcw%3D%3D
No more RED Fridays
Ron inherited SPLS with a $16.7b market cap. He drove it down to a sub $6b market cap by missing the e-commerce play and focusing his ego on being a global CEO. His international aspiration lost more than $100m per year. Ron is to blame for SPLS... — read more
Sycamore Partners closes in on Staples deal....
http://www.marketwatch.com/story/staples-shares-surge-on-report-of-6-billion-acquisition-by-sycamore-2017-06-21?link=sfmw_tw My guess is they will gut B&M stores and focus on Dotcom and BtoB. Shira will get her totally undeserved payday and most... — read more
IS moving to part time
Now that the 1ZB per week has been implemented. How long before corporate rolls out the IS moving to part time?
More IT Outsourcing?
We are all waiting for the other shoe to drop RE: more IT outsourcing. The only question is how far up the stack THIS round goes. We have heard a few leaks from vendors (and some clueless mgrs) so WE KNOW IT IS REAL.... Anyone have thoughts on the... — read more
Boston Herald would like to know Staples stories
http://www.bostonherald.com/about/news_tip Please contact Boston Herald at the above address to report Staples shady business practices. In particular, issues with cheating at metrics that don't grow the bottom line. The company appears to be worried... — read more
You think Shira wants to turn around the company? HAHAHAHAHA
Shira was/is HR >>> HR was weaponized to protect the Executives going back at least 9 years ago. Shira was on the frontlines of that weaponization. Smiling faces tell lies. She and a few others want their big payday by selling. Cerberus Capital?... — read more
Staples used to be a good company - I give them a year or maybe two.
Yes, the executives will get their golden parachute and the little people will get nothing but a boot in the @##! It is so sad, but at the end of the day, they just don't give a damn about the employees! Shira never should have been put in the... — read more
Layoffs, Bonuses, Selling, etc., etc.
So about 4 months ago Staples laid off a huge amount of individuals. Some of these individuals being with the company for over 20 years! What ever happened to "loyalty" or having experience? Where any of the H1N Visa's let go? Just wondering. Bonuses... — read more
Staples being sold???
https://www.google.com/amp/s/www.thestreet.com/amp/story/14168039/1/cerberus-capital-raises-offer-to-acquire-staples.html
Is Staples being sold?
What are your thoughts? There are rumors on about this and wanted to see what folks on this board think. Thanks!
Cherry Picking what to tell investors.
Interesting article about how Staples "cherry picks" what to disclose during the quarterly earnings call. Shira glossed right over that $815 million dollar loss. She says they are right on track. For what??? Bankruptcy? Someone give her a reality... — read more
I gave in my keys
I was a GM for Staples for only 8 months and within those 8 months I have witnessed horrible things. I resigned on Friday after false accusations. On April 4th my district manager had me put all of my key holders on a final for not enforcing the... — read more
MOST OF STAPLE'S MANAGEMENT ARE VAPID IDIOTS!!!
LOOK BELOW FOR DEFINITION. THINK OF YOUR UPPER MANAGEMENT'S FACE. DOES THIS PERTAIN TO THEM.....A RESOUNDING YES FOR MOST! vap·id ˈvapəd/ adjective adjective: vapid offering nothing that is stimulating or challenging. "tuneful but vapid musical... — read more
Great Staples Perks for Some but not all
Faisal Masud gave an interview with "Innovation Leader". The entire article was a web of self promotion but the most interesting is the following. Some of the chosen ones get to work remote, have flexibility, catered lunches, and gym time. In HQ I... — read more
Beg for 5 on survey or get a note to file in D61
Not Coaching and educating customers on taking surveys can get you fired!
"What Is Your Do/Say Ratio?"
Really???? Wow! How many times are you going to slap your employees across the face and call into question our professionalism and work ethic? Isn't the question that needs to be honestly answered Ms. CEO, "What is your and your fellow C level... — read more
Layoff's again?
I heard layoff's are happening again yesterday? Any truth?
List of Staples Stores Closing 2017
Do you maybe have a list of stores that will be closed by Staples in 2017. I am interested in closures in: California (Staples) Texas New York Florida If you have a comprehensive list with all states, that'd be great.
"It's pro time".........
HAHAHA ROFL LMFAO, are they serious?
I just want to turn in my...
Keys.. I'm a general manager for the store in region 9, i'm hoping my interview went well so I can finally leave this place. I'm over Staples. I'm so sick and tired of never having hours or enough employees to run an efficient business, this has... — read more
I think this shirt is available on Staples.com for $10 more than on Amazon
https://www.facebook.com/199101130543076/photos/p.277279609391894/277279609391894/?type=3