Financial Reports: Staples, School Specialty

Staples Second-Quarter Sales Improve 12%
Second-quarter sales for Framingham, MA-based catalog/retailer Staples jumped 12%, to $3.88 billion for the three months ended July 29. The office supplies giant posted record sales and earnings, driven by market-share gains in North America and steady progress in its international business. Net income climbed 19%, to $161 million.

Second-quarter sales from its North American Delivery Business—which includes the Staples and Quill catalog and online businesses as well as the Staples contract delivery business—grew 17%. North American Retail sales increased 10%, and international sales increased 5%.

School Specialty Off to Good Start in First Fiscal Quarter
Multititle educational products cataloger School Specialty got off to a good start in the first quarter of its fiscal 2007. For the three months ended July 29, the Greenville, WI-based merchant posted sales of $385.4 million, a nearly 8% increase over the first quarter of last year. Net income rose nearly 7%, to $36.9 million. The company’s titles include Sax Arts & Crafts, Frey Scientific, and Sportime.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.