Friday, May 31, 2013
The Framingham-based company's quarterly profit fell 9.2% amid soft demand for computers in North America and weak international sales.
Framingham-based Staples plans to close 40 stores in 2013, reported the Boston Business Journal. During a call with analysts, Staples reported quarterly profits fell 9.2% amid soft demand for computers in North America and weak international sales. Staples, headquartered in Framingham, started 2013 with 1,886 stores in the United States and Canada. Staples, the largest office-supply chain in the U.S., has sought to trim costs by cutting jobs in Europe and reduce its North American retail space, reported the Wall Street Journal. "I think when I look at our two biggest challenges, we've got to get the top line growing again and I think we've got to improve our results in international," Chairman and Chief Executive Ronald Sargent said during…
Wednesday, December 19, 2012
Staples President and Chief Operating Officer Michael Miles will resign effective Feb. 2, 2013.
Staples President and Chief Operating Officer Michael Miles will resign effective Feb. 2, 2013. “The Board and I thank Mike for his leadership and service over the past decade,” said Ron Sargent, Staples’ chairman and chief executive officer. “Mike brought new energy to our brand, drove growth in our services business, and restructured and integrated our international operations. We wish him all the best.” Miles has accepted a position with Berkshire Partners, the Boston-based investment firm. “I want to express my gratitude to the Staples team around the world for their support and partnership over the past 10 years,” Miles said in a press release. “It has been a privilege to be part of this great company.” Miles had responsibility …
Saturday, December 8, 2012
Tablets, flip-screen laptops and smart TV devices are among the popular choices this year.
Looking for the perfect holiday gift for the electronic gadget-lover in your life? It can be challenging to keep up with the latest devices in the fast-changing world of technology. The nonprofit Business and Professional Microcomputer Users Group Inc. (BPMUG) is ready to help. At its recent monthly meeting the computer users group sponsored a demonstration by Staples Easy Tech Field Manager John Yearsley at which he presented a sampling of what’s new and improved in the world of technology. We've added a few of our own picks as well. LAPTOPS Lenovo Yoga or Lenovo Thinkpad Twist are new touch-screen laptops with flipscreens that twist and turn into tablets. The Apple MacBook Air is a new super-thin, super-light laptop. Apple’s other …
Friday, November 30, 2012
Local tennis players will come together tonight to raise funds for one of their own who was injured in a crash in Marborough.
Local tennis players are coming together tonight (Nov. 30) during a fundraiser for Mike Mashkevich, a Staples employee, who was severely injured in an Marlborough crash that sent three to the hospital. “I think the tennis community is really rallying around him and doing everything they can," said Steve Winer, director of Tennis at the Wayside Racquet & Swim Club who explained Mike is making strides in his recovery after recently coming out of a coma. "He is in the right place medically. We are trying to do what we can as a club." Mike is a United States Tennis Association 5.0 rated player of Central Mass League who plays in the Men's A League from Wayside Racquet & Swim Club. He also teaches part time at the club as a tennis pro, said …
Mike Mashkevich is out of his coma but faces months of rehabilitation as he works on how to speak and access memories before physical therapy.
Those that survive an intense car crash can face months of rehabilitation towards a life that will be much different than the one they used to lead. “(Mike) is getting better every day but he is quite confused sometimes," said his girlfriend Nela Rudicka, explaining that it will be six to twelve months before his true mental state is known. “We are not sure how he is going to be or how much he remembers." Mike Mashkevich, who recently turned 25, lives in Marlborough and is a Senior Programmer Analyst at the Staples Corporate Office in Framingham. He was one of two passengers in an crash that sent three to the hospital, with Mike making the trip by helicopter to UMass Worcester. The other people in the car were released from the hospital …
Friday, November 9, 2012
An October car accident that resulted in a Marlborough man — who has since been in a coma — being life flighted has pushed a family friend to action.
It was an accident that sent three to the hospital, with Mike Mashkevich making the trip by helicopter to UMass Worcester, where he is in a coma recovering. “He is making progress to getting better but he has so many broken bones," said Jessie Seiders who described Mike as her best friend and who has started a fundraising effort to help the family. "He just started opening his eyes.” Mike was sitting in the front passenger seat and took the brunt of the accident, she said. The driver and rear seat passenger — who fractured his legs — have been released from the hospital, said Seiders. Mike is 24 and living in Marlborough. He is an active member of Sudbury River Tennis Club and Wayside Tennis Club, a Senior Programmer Analyst at the Staples…
Thursday, November 8, 2012
Powerful cloud-based technology allows NCR Silver to go beyond simple payment swipe and cash-register functions. NCR Silver allows business owners to track sales, profits and inventory and market to customers with targeted and customized email campaigns.
Thursday, November 8, 2012
NCR Corporation is on a mission to make small business easier by bringing NCR Silver™, a small business point-of-sale (POS) system, to select Staples stores nationwide, including the Framingham location. NCR Silver, which operates on Apple® iOS devices like the iPad®, iPhone® and iPod touch®, will be prominently displayed on aisle end-caps, providing NCR Silver with a premiere location within Staples stores and making it easier for customers tofind. Signage will highlight NCR Silver’s powerful payment, security and business management tools. Small business owners who visit Staples will get the NCR Silver Register Bundle for a retail price of $499. The bundle includes the Receipt Printer for NCR Silver, the Credit Card reader for NCR Silver…
Friday, November 2, 2012
However, both CEOs took major pay cuts from previous years.
According to a report on Boston.com listing the highest paid CEOs in Massachusetts, Framingham-based TJX Corp and Staples both have their CEOs in the top 20. TJX Corp CEO Carol Meyrowitz was #12 on the list. In 2011 she made $11 million, but in 2010 she earned $23 million. "The decline of nearly $12 million in the most recent filing was due to significantly smaller stock and option awards, according to documents filed by the Framingham retail discounter with securities regulators. Meyrowitz has been chief executive since January 2007," reported Boston.com Staples CEO Ronald L. Sargent was in the top 20. He made $8.8 million in 2011 but $15.1 million in 2010. He has been CEO since "Feb. 2002 and has worked for the company since 1989. His …
Thursday, September 27, 2012
The company, headquartered in Framingham, said the move could boost revenue.
Thursday, September 27, 2012
Framingham-based Staples will close 30 of its North American stores to try and boost revenue. The company didn't say which stores would be shuttered. It employs 88,000 workers worldwide. In a news release, Staples said it wants to concentrate on its online retail operation. Staples is the largest office supplier in the United States. It's also the second-largest online retailer; Amazon is No. 1. “We are focusing on our biggest opportunities, aligning our organization to address the needs of our customers, and reducing exposure to our weakest businesses,” Ron Sargent, Staples’ CEO, said in a statement. “This puts us in a much stronger position to drive long-term sales and earnings growth.” Staples said it will also reduce the size of some …
Tuesday, January 24, 2012
Youth mentoring advocates across Massachusetts, including representatives from 31 mentoring programs throughout the state, gathered to celebrate and highlight the impact mentoring has on youth at the Sixth Annual Youth Mentoring Day at the State House.
Framingham-based Staples, Inc. was a part of a Youth Mentoring Day at the State House on Jan. 19, where the Governor’s office officially declared January “Massachusetts Mentoring Month.” The event was part of a statewide public awareness and mentor recruitment campaign led by Mass Mentoring Partnership and Staples. Staples has donated $25,000 to Mass Mentoring Partnership annually since 2010 to build awareness and recruit caring adult mentors for 3,000 Massachusetts youth. Youth mentoring advocates across Massachusetts, including representatives from 31 mentoring programs throughout the state, gathered to celebrate and highlight the impact mentoring has on youth at the Sixth Annual Youth Mentoring Day at the State House. For the second …