![]() ![]() He needed a ribbon for his printer, but was unable to obtain one because his local dealer was closed for the Independence Day holiday. The idea for Staples originated in 1985, while Stemberg was working on a proposal for a different business. Stemberg, who were former rivals in the New England retail supermarket industry, and Myra Hart. Staples was founded by Leo Kahn and Thomas G. retail operations, and Canadian retail operations, from the B2B business. In 2017, after its sale to Sycamore Partners, the company was effectively split into three "independently managed and capitalized" entities sharing the Staples name, separating its U.S. However, the purchase was blocked under antitrust grounds due to the consolidation that would result.Īfter the failed acquisition, Staples began to refocus its operations to downplay its brick-and-mortar outlets and place more prominence on its B2B supply business. In 2015, Staples announced its intent to acquire Office Depot and OfficeMax. In 2014, in the wake of increasing competition from e-commerce market, Staples began to close some of its locations. By 1996, it had reached the Fortune 500, and it later acquired the office supplies company Quill Corporation. The company opened its first store in Brighton, Massachusetts on May 1, 1986. is an American retail company headquartered in Framingham, Massachusetts, that offers products and services designed to support working and learning. Staples logo used from 1998 until 2019, though it remains at many locations ![]()
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