STAPLES STORES

Staples Stores

Staples Stores

Staples was founded by Tom Stemberg in 1986. The company opened the world's first office supply superstore in Brighton neighborhood of Boston in 1986 (http://www.staples.com/). In 1989, Staples made an initial public offering (IPO) of $36 million and launched its catalog delivery service, Staples Direct. The company opened its first office superstore, Business Depot, in Canada in 1991. The following year, Staples entered the European market by acquiring a stake in MAXI-Papier in Germany. The company entered the UK market in a joint venture with Kingfisher in 1992. In 1993, the company increased its interest in Business Depot, ...