Staples Sales Rise, But Profits Slip

Second-quarter sales for catalog/retailer Staples grew 9%, to $5.5 billion for the three months ended Aug. 1. Sales from its North American Delivery Business — which includes the Staples and Quill catalogs and online businesses as well as the Staples contract delivery business — grew 18%, to $2.3 billion.

Staples’ North American retail sales decreased 5%, to $2.0 billion, while same-store sales slipped 5%. Total international sales rose 21%, to $1.2 billion. The office supplies cataloger/retailer’s profits took a hit. Net income sank 38%, to $92.4 million, compared to $150.2 million in the same period last year.

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.