Stables Office Supplies

Business hasn't been super for office supplies leaders Staples or Office Depot as Internet rivals eat away at sales and profits. It's an idea that just won't die. Office supplies giant Staples (NASDAQ: SPLS ) and rival Office Depot (NASDAQ: ODP ) are once Staples Inc. on Thursday joined its smaller rival, newly combined Office Depot Inc. and OfficeMax, in reporting disappointing sales and bottom line earnings, adding to worries about the the future of the office supplies industry. Despite hope that the NEW YORK — Evolving shopping habits have forced yet another retailer to think outside of the box. Staples, the nation's largest "big box" office supply chain, announced Wednesday that it's spending about $6 billion to buy its second-ranked rival, Office Staples has agreed to purchase rival office supplies veteran Office Depot in a deal valued at roughly $6.3 billion. The acquisition will reduce the number of major office supplies chains from two to one – that is, if it can get regulatory approval. Known primarily as office supply stores, Staples and Office Depot also sell computers, tablets and other personal technology products. So they not only compete with department store chains such as Target and Wal-Mart but also with Best Buy and a host of Eighteen years after regulators shot down a merger between Staples and Office Depot, the two big office supply retailers may try to join forces once again. The companies are in advanced talks about a deal in which Staples would acquire Office Depot .

Staples, the nation's largest "big box" office supply chain, announced Wednesday that it's spending about $6 billion to buy its second-ranked rival Office Depot. The acquisition reflects the reversal of fortunes for these two big box retailers. Founded in Staples’ shares fell 12% to $16.73 Office Depot and Staples compete fiercely to sell paper, pens, coffee, light bulbs and janitorial supplies to medium-sized and large businesses—clients that buy supplies direct from the chains without ever setting Office-supply chains Staples Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal reported, citing people familiar with the matter. The price and structure of the proposed deal couldn't be learned and there is no guarantee a NEW YORK (AP) — The rapidly changing tools of the work place and the way we shop has led to another major consolidation in the retail office supply business as Staples announced the $6 billion acquisition of rival Boca Raton-based Office Depot. .

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