Content about Ron Sargent

January 30, 2014

Two of Staples' senior most executives were given new responsibilities to bolster the company’s re-invention efforts and competitive posture in a market that has become more challenging with the addition of a newly merged Office Depot and OfficeMax.

Two of Staples' senior most executives were given new responsibilities to bolster the company’s re-invention efforts and competitive posture in a market that has become more challenging with the addition of a newly merged Office Depot and OfficeMax.

August 21, 2013

A 3% same store sales decline at Staples North American retail units contributed to weaker than expected second quarter results and prompted the company to reduce its full year financial forecast.

A 3% same store sales decline at Staples North American retail units contributed to weaker than expected second quarter results and prompted the company to reduce its full year financial forecast.

Total company sales for the quarter ended August 3, declined 2% to $5.3 billion with the closure of 103 stores in North America and Europe responsible for about half the decline. Profits for the period declined to $104 million, or 16 cents a share, two cents worse than analysts forecast, compared to $125 million, or 19 cents a share the prior year.

March 6, 2013

Staples reported that total company sales for the fourth quarter were $6.6 billion, an increase of 3% over the same period last year.

FRAMINGHAM, Mass. — Staples reported that total company sales for the fourth quarter were $6.6 billion, an increase of 3% over the same period last year.

On a GAAP basis, the company reported fourth quarter 2012 net income of $90 million, or 14 cents per share, compared with net income of $284 million, or 41 cents per diluted share, achieved in the fourth quarter of 2011. 

November 14, 2012

Third quarter sales at Staples declined 2% to a little less than $6.4 billion and a host of previously announced charges resulted in the company reporting a loss of $569 million or 85 cents a share.

Third quarter sales at Staples declined 2% to a little less than $6.4 billion and a host of previously announced charges resulted in the company reporting a loss of $569 million or 85 cents a share.

August 17, 2011

It has been a rough couple years for retailers, and no segment has been hit harder than office products, which has suffered a double whammy from the downturn in consumer and business spending.

FRAMINGHAM, Mass. — It has been a rough couple years for retailers, and no segment has been hit harder than office products, which has suffered a double whammy from the downturn in consumer and business spending. Staples, long the leader in the office products industry, has fared better than rivals Office Depot and OfficeMax, and its dominance was evident again on Wednesday, even if the second quarter results the company reported were uninspiring.

August 10, 2010

Staples has announced the appointment of Mike Miles as president of Staples Foundation for Learning,...