Staples Agrees to Buy Office Depot for About $6.3 Billion
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Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#2Staples Depot? I wish them luck. On the rare occasion I buy something online from one of their stores (probably something that generates a loss or wash for them) and pick it up, it feels like I'm their first customer of the day.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#3Normally I'd be opposed to/worried about mergers like this, but I feel like these businesses are on their way out (certainly in the physical retail world) so this particular merger might not be so bad. After all, they have a lot of competition from Amazon and the like.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#4This will be interesting to see. Yeah these office supply stores have competition from online retailers, but I would assume they make a good chunk of their revenue from corporate/education customers. Since that is their biggest revenue stream, I wonder how that aspect of the industry would be affected by the merger.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#5Staples Depot? I wish them luck. On the rare occasion I buy something online from one of their stores (probably something that generates a loss or wash for them) and pick it up, it feels like I'm their first customer of the day.
I have no idea how they keep the lights on.
Whenever I go in, usually during peak business hours, it's unusual if there's even another customer in there. I'm usually just buying a pack of cheap pens or something, maybe once every 6 months.
Many moons ago, it used to be an underappreciated place to buy cheap computer parts, but even SD cards are grossly overpriced these days.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#6Normally I'd be opposed to/worried about mergers like this, but I feel like these businesses are on their way out (certainly in the physical retail world) so this particular merger might not be so bad. After all, they have a lot of competition from Amazon and the like.
Its very similar to the sirius/xm merger. Technicality they were the entire satellite radio market however the competition transcends the transmission method and was massive.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#7Staples Depot? I wish them luck. On the rare occasion I buy something online from one of their stores (probably something that generates a loss or wash for them) and pick it up, it feels like I'm their first customer of the day.
Staples Depot Max
Office Depot bought OfficeMax a while back.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#8The weirdest thing to me is they JUST finished the merger between Office Depot and Office Max last year.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#9Staples Depot? I wish them luck. On the rare occasion I buy something online from one of their stores (probably something that generates a loss or wash for them) and pick it up, it feels like I'm their first customer of the day.
I have no idea how they keep the lights on. Whenever I go in, usually during peak business hours, it's unusual if there's even another customer in there. I'm usually just buying a pack of cheap pens or something, maybe once every 6 months. Many moons ago, it used to be an underappreciated place to buy cheap computer parts, but even SD cards are grossly overpriced these days.
My understanding is it's all corporate accounts. Almost nobody actually goes into the store, but my girlfriend's work regularly puts together orders and has them delivered for any office supplies they need. The retail stores are just a big distribution network, and customers are reluctant to go to Amazon or a smaller supplier because a) nobody ever got fired for buying Staples b) they already have an account there.
Re: Staples Agrees to Buy Office Depot for About $6.3 Billion
#10This will be interesting to see. Yeah these office supply stores have competition from online retailers, but I would assume they make a good chunk of their revenue from corporate/education customers. Since that is their biggest revenue stream, I wonder how that aspect of the industry would be affected by the merger.
That's an excellent point. The ceiling on those revenues, though, is still Amazon. It's a matter of the office assistant going to the online Staples/Office Depot/Max catalog or going to Amazon; there's not much of a switching cost.