Staples Canada
 Logo since 2018 | |
 Staples Canada Headquarters in Richmond Hill, Ontario | |
| Formerly | The Business Depot (1991–1994) Staples Business Depot (1994–2008) |
|---|---|
| Company type | Private |
| Founded | 1991 |
| Founder | Jack Bingleman |
| Headquarters | Richmond Hill, Ontario, Canada |
Key people | Rachel Huckle (CEO) Evelyn Sutherland (CFO) Priscilla Luna (CCO) Brian McDougall (CRO) Andrew Go (CDO) Lance Martel (CIO) |
| Products | Technology (Computers/Business Machines/Entertainment), Furniture, Office Supplies, Copy and Print Services, Tech Services, School Supplies, Legal Supplies, Facility Supplies, Wireless |
| Owner | Sycamore Partners |
Number of employees | 15,000+ |
| Website | staples.ca |
Staples Canada ULC, operating as Staples (Bureau en Gros in Quebec),[1] is a Canadian retail sales company owned by Sycamore Partners.[2] Staples was founded by Leo Kahn[3] and Thomas G. Stemberg.[4] Since 2017, Staples Canada has operated independently from Staples' U.S. retail and U.S. business-to-business (B2B) operations.[5]
History
[edit]The Business Depot Ltd. was founded by Jack Bingleman in 1991, with Staples as a substantial investor, opening Business Depot stores in Canada.[6] The American counterpart acquired the Canadian company in 1994.[7] The company later began converting locations in English-speaking markets to Staples.[8] In 2008, Staples acquired Corporate Express.[9] In 2017, Staples was acquired by private equity firm Sycamore Partners for $6.9 billion. Under the new owner, Staples Inc. was split into three "independently managed and capitalized" entities; Staples Canada serves as one of these entities, alongside Staples North American Delivery and Staples U.S. Retail.[5][10][11]
ServiceOntario
[edit]In 2024, some ServiceOntario locations will be closed and replaced with kiosks inside Staples Canada.[12] These stores will be compensated with taxpayer money for upgrades required to provide these services, at an estimated cost of 1.75 million dollars.[13] The Ontario New Democratic Party has criticized the Ford government for this decision.[14] A request was made to the Financial Accountability Office by the Liberal Party in regards to the deal.[15] These kiosks are a pilot project intended to reduce wait times and increase availability of services, with further partnerships with other businesses being investigated.[16] Two Walmart stores will also replace standalone ServiceOntario locations.[17] Ford has compared the situation to how some Canada Post offices operate inside Shopper's Drug Mart locations.[13]
References
[edit]- ^ Delean, Paul. "Bureau en Gros to shut two Montreal stores". Montreal Gazette. Retrieved 16 January 2024.
- ^ "Sycamore Partners Completes Acquisition Of Staples, Inc". Sycamore Partners. Retrieved 16 January 2024.
- ^ Shapiro, T. "Leo Kahn, entrepreneur who helped found Staples office-supply business, dies at 94". The Washington Post. Retrieved 16 January 2024.
- ^ "Thomas Stemberg dies at 66; Staples founder created 'Toys R Us for office supplies'". Los Angeles Times. Associated Press. Retrieved 16 January 2024.
- ^ a b Demery, Paul (2017-08-14). "Break-up plan for Staples: B2B unit stands out". Digital Commerce 360. Retrieved 2019-05-29.
- ^ Haddadin, Jim. "Staples sees future 'beyond office supplies'". The Patriot Ledger. Retrieved 16 January 2024.
- ^ "Staples Stock Gains on Completion of Aquisitions". The New York Times. Retrieved 16 January 2024.
- ^ Patterson, Craig. "Landmark Mixed-Use Development in Toronto's Rosedale Area to Feature Unique Retail Component". Retail Insider. Retrieved 16 January 2024.
- ^ Chee, Foo. "Staples wins Corporate Express in $2.65 bln deal". Reuters. Retrieved 16 January 2024.
- ^ "Staples spinning off retail business". Retail Dive. Retrieved 2019-05-29.
- ^ Gelles, David; Merced, Michael J. de la (2017-06-28). "Staples to Sell for $6.9 Billion, and Its New Owner Has an Uphill Battle". The New York Times. ISSN 0362-4331. Retrieved 2019-05-29.
- ^ "Some ServiceOntario centres to close, province says new locations coming in select Staples stores". CBC News. Retrieved 12 January 2024.
- ^ a b Southern, Richard. "Staples Canada lays off head office staff, company takes $1.75M of taxpayer money for ServiceOntario retrofit". CityNews Toronto. Retrieved 1 February 2024.
- ^ Southern, Richard; Marchesan, John. "Ford government to pay for Staples retrofit as retailer looks to 'monetize' ServiceOntario". Toronto CityNews. Retrieved 13 January 2024.
- ^ Ferguson, Rob. "Ford government facing renewed questions over ServiceOntario deals". Toronto Star. Retrieved 1 February 2024.
- ^ Jabakhanji, Sara. "Minister defends plan to replace some ServiceOntario centres with Staples store kiosks". CBC News. Retrieved 16 January 2024.
- ^ Southern, Richard. "Ford government to use taxpayer funds to retrofit 2 Walmart stores to also host ServiceOntario kiosks". CityNews Toronto. Retrieved 15 January 2024.