This is my take on the whole thing. I started with Staples back in 1993. Back then, there was no Staples.com, and of course you had Office Max, and Office Depot. Back then all 3 were doing well, plus the stock was doing great. Staples rewarded their employees with bonuses, and that helped sales and profits. As time went on, they got skimpy with the bonuses, and then later stopped them, and just rewarded the General Managers. While doing this, they wanted the workers to be so happy to be working for them, without incentives. Their were many bad decisions they made during the years, one of them was not selling Apple products when they were really popular. While they were top dog over Max and Depot, did they capitalize over it? Hell no, they stab the workers in the back, made you work with a skeleton crew, most of the time, which happened when I transferred to a Staples in SC. I was blessed to retire recently, and I couldn't wait to get out. The 401k helped me to do it a little early, but I feel for people I left behind. This is a different world now and Amazon.com is king. Staples waited too late to put the .com to work for them, and look what's happened to the stock. With the layoffs, and stock going down to 9 dollars a share from 13, the writing is on the wall. People are ordering on line now, they don't need Staples. I bought a laptop on line, didn't have to waist gas to go anywhere, knew what I wanted and got it. People are smarter shoppers now.