LCN Capital Partners this week acquired the Framingham headquarters campus of office supplies retailer Staples Inc. for $165 million, according to a Middlesex County deed. LCN, an investment firm headquartered in New York and Luxembourg... — read more
Sycamore getting into the panty and bra business LOL for real!
L Brands is nearing a deal to sell its Victoria’s Secret brand to private equity firm Sycamore Partners in a deal that could be announced as soon this week, people familiar with the matter told CNBC. It could not be immediately determined what... — read more
HQ sold?
https://www.wbjournal.com/article/staples-sells-framingham-headquarters-for-165m
Bonuses (Are there any?)
Anyone know if bonuses will be paid at any percentage?
Imminent restructure?
Prior to a third interview at corporate, was notified that the req. was withdrawn because of restructuring. Is that the current euphemism for RIF?
Hit 90% to plan or here comes the PIP and then termination
Its true.. This is the go forward for outside reps in SBA If you do not hit 90% in 2 pay periods, PIP and termination will follow. The company says that they have provided the needed training and if 90% to plan is not hit, you are as good as... — read more
How many people work at Staples?
Anyone has facts? How many people work at the main office at Framingham?
There is life outside of Staples
I worked for Staples for 17 years, through the good years in the beginning where we made money hand over fist, and through the rough years where some years there were no bonuses at all paid out. It always felt like a kick in the pants because our... — read more
Another Staples Conference
There has been rumors circulating regarding another event for this year. Normally when they have these special events where they are spending millions of $’s there are big changes with our brand which happened last year which we have changed our... — read more
Government and Healthcare.
Is Staples going to sell off the government and healthcare b2b segment?
Merchandising to be slashed?
Apparently, the Merchandising Group is being reviewed after the poor launches of the new brands? Any news?
Bonuses
I’ve heard that there will be very small bonuses at SBA Canada this year, maybe none at all - could that be true? Our president MM always says how great we are doing though we are missing our sales targets. What’s the truth? And has anybody heard... — read more
Lay-offs Today Jan 2 2020 Corp Office
Folks were let go today from Staples Corp Headquarters. Any additional information on this? Please speak.
Happy New Year!
Work and win.
‘Twas the week before layoffs
And all through the house, not a creature was stirring except careers left doubt. Now that reality has set in and plans have been tossed in a Tru Red trash bin, there is nothing left to celebrate that not even a consulting group can mitigate. We all... — read more
You can sense something big is coming
Do you sense it?
Staples Layoffs 2020
What are your thoughts about potential Staples Layoffs 2020? Any news or rumors?
SBA Canada Sale to Canada Retail?
What are the chances of SBA Canada being sold to Canada Retail? With sales and EBITDA off target (I think), and still lots of channel confusion - do we think that SD might just sell up to Canada Retail and focus on the US? If so, even more people... — read more
Staplea C Level. Thumbs up or thumbs down?
Transforming or destroying?
Miller Heiman Sales Training
Yet another HUGE waste of time. What fool approved this nonsense?
Scary working for this company
There is so much uncertainty and the direction seems all over the place. The push for voluntary resignations will lead to layoffs. Who in their right mind would ask to resign if it was not a guarantee? So disappointing in a company I have dedicated... — read more
Age Discrimination Law Suits
With all the fake metric excuses being used to fire all the older managers (READ HIGHER PAID) the wrongful dismissal lawsuits for age discrimination are following. There may be enough of these to support a CLASS ACTION LAWSUIT. What do you think?
Layoffs Today?
Is anyone hearing about layoffs happening today? I’ve heard about a handful in Retail...
Unionizing (HQ, Retail, NAD)
Hello everyone, Realizing that Staples is relentless at laying people off, has anyone thought about unionizing? Yes, there are cons, but there are also pros. The layoffs are going to continue! You're going to be impacted eventually! Might as... — read more
Union
heard NJ drivers are voting union is this true we should bond with our brothers
Staples LOSES again! WTG Sycamore~! $14 million tax bill for Staples Inc.
Nov. 4, 2019, 9:35 AM The Supreme Court won’t hear a case on the extent of a state’s power to levy taxes on the income of an interstate business. Staples Inc. and Staples the Office Superstore Inc. sought Supreme Court review after losing in... — read more
How Private Equity Works?
https://www.bloomberg.com/news/articles/2019-10-31/deadspin-revolt-is-latest-clash-as-private-equity-swallows-media Read it and think hard about it.
Layoff Package S---s, Sandy try again!!
7 weeks, please, Sandy, try again
Misleading classification
Stressing retail in your classification is a joke. Retail accounts for a sliver of income. It is not the brick and mortar that make money - for the or OD/OM. It is the b2b division, the reason the FTC shot down a merger.
ITAM Poll
Rate your role, quota, pay, manager, director and VP.
Volunteers for Layoff Wanted
Ask they said - thou shall be given to you.
Is this true?
Not sure where this information is coming from but I work in staples retail and the forecast is strong. Lots of investing going on. Big things to come in for Retail. New Brand Defining Stores. New POS system. Replacing all IT hardware in all stores... — read more
the turkey carving has begun
essendant just sold the industrial and automotive business segments the only segments that had increased sales last year. sp and staples didn't waste much time getting around to this.
How has the Staples Go To Market Played Out For You?
Honest thoughts.
Forcing staff to make FS Purchases
How bad can it be at Staples if SBA Canada is FORCING associates to spend $50 a week each on buying FS products to make the EBITDA target? How stupid has management become - and can Sandy really support these sorts of dumb ideas?
Just heard from a birdie...more layoffs in place for End of Year
Seeing that there are so many layers that are useless, someone higher up mentioned that directors of TAMS/KAMS and CSS teams will be re-organizing by end of year....