If you participated in the employee stock purchase plan, what happens to those shares if the buyout goes through?

If you have access to your DM's AS/400 you will see.... Service plans and services represent LESS than 1% of retail sales and LESS than 2% of margin in retail. MUCH less than 1% of our total company sales. Why are we shoving these things down our own... — read more 

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Next month....

https://seekingalpha.com/article/4092981-need-tender-staples?auth_param=1duelb:1co0k6n:2c7d38f4a5587055d458cca33f5c3f8e&dr=1 The value is less than what Staples could or should get. Shareholders should say NO to the deal or file a class action... — read more 

Folks, I had an epiphany today as I flushed my morning constitutional. No, not the obvious sentiment of watching a multi-year career at Staples go down the drain but the realization that for the first time since her taking over the reins I agree with... — read more 

www.cnbc.com/2017/06/29/staples-6-point-9-billion-buyout-could-end-in-the-shredder.html What if Sycamore falls through? The debt payouts may be more than Staples has to give. This is not over and could end even worse. How did this company get so... — read more 

Staples has held talks with Office Depot about spinning off 1,500 retail stores, according to New York Post. Earlier this month, the company revealed in a SEC filing that "Party A" offered between $625M and $700M for its retail stores in North... — read more 

If they do intend to attempt to "save" retail they need to increase morale, Stores are literally dumpster fires right now. Comps are down due to changing shopping trends, but more so because there's no staff in stores. You can't run a store with 3 or... — read more 

I used to work in ecommerce but left middle of last year. What's the scoop with FM?

Time to start loading them up with a bunch of age discrimination suits. If one $26 million dollar settlement doesn't make them rethink their SOP then maybe 20 or 30 or more will. Any new hires know if they are making people sign arbitration binders... — read more 

Finally after 11 years and 10 good performance appraisals I suddenly got a "does not meet expectations" on my review. I had received no mid year eval or any write-ups that year, just a poor eval with totally off the wall comments. I put 2 and 2... — read more 

Region 6 question from the RVP is why are comps negative. This guy is joke why cause customers have caught on to staples and the overpriced supplies and the skeleton crews that can't help everyone. No tasking help customers but then why is the 15... — read more 

Alright folks, seems we can all read the writing on the wall. Even if Staples as we know it survives there will be dramatic changes. There's no escaping that. I've worked for the company a long time and I have fond memories going back to the mid... — read more 

We had an emergency call yesterday that the RVP of region 4 (won't name names but it's easily discoverable) is quitting effective right before most stores in the Region 4 market hit their peak BTS days. THE SHIP IS ALMOST COMPLETELY SUNK. ABANDON NOW... — read more 

I just heard this morning, that looks like district 61 will be closing two (2) stores and district 94 will be closing up to either four (4) or five (5) stores? Any truth to the rumor I heard, if so I need to get out fast before they come after my... — read more 

Yeah, that's the reason Staples is in decline. You pay them nothing, they have no incentives, have no career path, basically a body on a floor because there are so FEW OF THEM. Staples is dead. You can thank people like MD, VS, OP, RS, and the list... — read more 

When are store teams going to take any ownership of their own actions. I get that you need more labor but how about effectivily using what you have first. I live in a market well outside of Boston, in a city with around 10 stores. With the exception... — read more 

If you are an AE - AM - or Regional Manager, they are going to lower your pay or show you the door. They will trim the B to B business to the bone. There are no other companies that have these high wage folks in the industry. Party is over! Staples... — read more 

Should I cancel it? Sounds like Staples isn't the place to be at the moment.

The problem is very basic. Leases! It would cost more to get out of many leases than it would to operate some stores even if the store was losing "a little" cash. If you want to evaluate your END DATE you only need two pieces of information (maybe... — read more 

Why only reinvention stores ?

66-year-old man awarded $26 million in age discrimination lawsuit against Staples By City News Service Posted: 02/27/14, 11:31 AM PST | Updated: on 02/27/2014 5 Comments LOS ANGELES - In what an attorney says is the largest award of its kind in Los... — read more 

Too busy looking for jobs. :)

So, according to WSJ, Staples will be divided into three separately financed entities to create the leverage for its buyout. We'll be split into US retail, Canadian retail, and corporate-supply unit. This is pretty much what Sycamore did with Jones... — read more 

Does anybody else see the hypocrisy in having the CIO explain how private equity is going to "save" Staples but not addressing how we got to where we are. I mean for someone who has been in upper management since 1992 in Staples, there is some... — read more 

This sale to a equity firm is just paving the way for the company to go out of business eventually.

The majority of plans allow employees to roll over funds while they are still working. A 401(k) rollover into an IRA may offer the opportunity for more control, more diversified investments and flexible beneficiary options. I don't know the details... — read more 

SEVERANCE PACKAGE .... ? HAHAHAHA They ended those over two years ago. The only way you get one now is to HAVE something on them... If you are UP there in salary you can expect PIPS, write ups, notes to file, STRESSSSSSS, with the planned out come... — read more 

I would expect MUCH more aggressive closure of stores now, if not a complete sell off of the entire retail division. But who would want it? No one in retail NEEDS stores... I wonder how many of the C-level execs will be replaced and how soon. Grabbed... — read more 

This company s---s. From top down to the bottom. We get what we deserve with the upper management team we have. One way or another they will or are getting rid of us. You do realize that right. Please tell me you realize that. Unless your desperate... — read more 

https://seekingalpha.com/article/4084798-staples-game-now-know-ends#alt2 Interesting article about the sell. Maybe Staples isn't worth what they were saying all along. The ones doing all the work or who believed in this company for so long are the... — read more 

Staples in Deal With Sycamore for About $6.9 Billion: If you thought things s--- now, you ain't seen nothing yet. Your going to get carved up like a roast. I can see selling some stores, closing all the others, Selling the business delivery business... — read more 

Has anyone heard any updates on Sycamore Partners buying Staples? I heard something may come out this week.

Your buddy FM is CIO of the Year https://risnews.com/see-who-was-named-cio-year?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3B2mdiVQBDRVGsMisyOuLzcw%3D%3D

Ron inherited SPLS with a $16.7b market cap. He drove it down to a sub $6b market cap by missing the e-commerce play and focusing his ego on being a global CEO. His international aspiration lost more than $100m per year. Ron is to blame for SPLS... — read more 

http://www.marketwatch.com/story/staples-shares-surge-on-report-of-6-billion-acquisition-by-sycamore-2017-06-21?link=sfmw_tw My guess is they will gut B&M stores and focus on Dotcom and BtoB. Shira will get her totally undeserved payday and most... — read more 

Now that the 1ZB per week has been implemented. How long before corporate rolls out the IS moving to part time?