Office Depot vs. Staples

1500 Words6 Pages
Staples and Office Depot Staples and Office Depot Office Depot and Staples are the leading office supply stores of America. They both have come about during the same time and have grown to be each other’s main competitor. Every company or business needs office supplies to run their daily activities, Office Depot and Staples lead the industry for such business. During this paper the financial health of both companies will be discussed in this paper with analysis of their profitability, liquidity, asset utilization, and debt utilization. Staples Inc. is the country's largest operator of office supplies superstores, offering a large selection of products at low prices, primarily to small business owners. Staples pioneered this concept in 1986 and grew rapidly after opening its first store in the Boston area. The slowly company expanded to areas outside the Northeast, by the early 2000s, there were about 1,300 Staples outlets located both in major large areas and smaller markets in 45 states, the District of Columbia, and 10 Canadian provinces. In addition to the retail operations, the company runs a delivery business that utilizes catalog and Internet businesses under the Staples and Quill names, as well as contract stationery businesses, which deliver office supplies to medium-sized and large companies. Staples' European operations consist of nearly 200 retail outlets, under the Staples name in the United Kingdom and Germany and under the name Office Centre in the Netherlands and Portugal. Office Depot, Inc. ranks as the second largest operator of office supplies superstores in the United States, trailing the industry leader Staples, Inc. The company operates about 870 retail stores in 44 states and the District of Columbia, offering a full range of office supplies and office furniture, business machines, computers, and computer software. Most of the stores

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