Do we really think Staples Canada is ready for an IPO this year?
The free shipping for staples.ca is bleeding red ink and the Professional division is also struggling along. How can they restore this business to profitability?
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How can they restore this business to profitability? This will not happen. Staples will go the way of Toys are Us, Payless ShoeSource, Claire’s, Sears, Nine West, Gymboree, A&P, Haggen Food & Pharmacy, Southeastern Grocers, Sports Authority, The Limited, The Rockport Company, rue21, and SO many others. Private Equity (WallStreet) does not give a hoot about how this effects lives and effects communities. They simply want to line their pockets. All you have to do is read what Elisabeth Warren has been saying for years about Private Equity and how to real them in.
With the current incompetent leadership in Framingham, they should just sell it to a competitor! The competition is in a better position to figure out a path to long term growth!
No charge!