- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Jan 15, 2026
- Business
- Staples Inc operates as a leading provider of office supplies, technology products, furniture, and business services primarily across North America. The company offers a comprehensive portfolio that includes office essentials like paper, writing supplies, janitorial products, breakroom supplies, and ergonomic furniture; technology products such as computers, laptops, printers, ink and toner; office furniture including chairs, desks, and tables; and print and marketing services encompassing digital printing, custom business cards, promotional products, binding, and lamination. Staples also provides shipping services, technology support and warranties, alongside specialized business services targeting small and large enterprises through B2B direct sales and e-commerce channels. Its operations span physical retail stores and a robust online platform delivering to a broad customer base in corporate, education, healthcare, and government sectors. Founded in 1986 and headquartered near Boston, Massachusetts, Staples has evolved into an end-to-end workplace solutions provider.
In recent years, Staples has strategically shifted focus from traditional brick-and-mortar retail to emphasize B2B business services and e-commerce growth. Since its acquisition by Sycamore Partners in 2017, the company reorganized into independently managed units separating retail and B2B operations to better address market demands. Notably, Staples has enhanced its service offerings with innovations such as Staples Rush, providing same-day delivery to compete in the omni-channel retail landscape. The company has strengthened its partnership with Packsize in 2024 to advance sustainable packaging solutions, addressing increasing environmental and operational efficiency goals. Additionally, Staples has expanded its product range with trending categories including smart home technology and health and wellness items designed to improve workspace well-being. Over the last 1-2 years, Staples continues reducing physical store footprints while increasing digital sales and services, reflected in improved visitation trends driven by its pivot to services and B2B solutions.
Staples operates a network of over 900 retail locations primarily in the United States and Canada, supported by extensive supply chain capabilities. Its service-oriented approach caters to various industries and segments with customized workplace solutions, including print and marketing materials, technology upgrades, furniture, janitorial and breakroom products, and more. Through its Staples Business and Staples Canada divisions, the company maintains a significant market presence while continuously evolving to meet modern workspace needs and sustainability objectives. This transformation includes pursuing digital innovation and an omni-channel commerce strategy to capture new revenue streams and reinforce its leadership in office supplies and workplace solutions.
The company was founded by Leo Kahn and Thomas G. Stemberg in 1986 in Massachusetts and has grown to approximately 75,000 employees. It focuses on delivering productivity-enhancing products and comprehensive workplace solutions across North America. Staples remains committed to leveraging technology and supply chain efficiencies to cater to evolving customer expectations, including small business IT services and print-related offerings, reflecting its adaptation to a competitive and digitally driven marketplace.
Staples Inc's key recent changes include the 2017 acquisition by Sycamore Partners with subsequent operational restructuring, the launch of Staples Rush same-day delivery service, broadening product categories to include health and wellness and smart tech, a reinforced partnership with Packsize in 2024 for sustainable packaging advancement, and a strategic focus on expanding B2B services and e-commerce channels while downsizing physical retail stores to align with modern buying behaviors and sustainability trends. This positions Staples as a comprehensive solutions provider beyond traditional office supplies, geared toward business productivity and sustainability.