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Staples Celebrates Opening of First Houston Store with $25,000 Donation to Hispanic Scholarship Fund

Business Representatives Join Houston Dignitaries at VIP Event

HOUSTON--(BUSINESS WIRE)--March 26, 2008--Staples, Inc., (Nasdaq: SPLS) the world's largest office products company, today announced it will celebrate the opening of its first Houston store with a $25,000 donation to the Hispanic Scholarship Fund (HSF).

At noon today, Houston City Councilman James Rodriguez and Ryan Goodland, legislative director for State Rep. Garnet Coleman of Houston, will join Staples General Manager Ruben Chapa at a unique ribbon-shredding ceremony to officially open the new Staples store. Christa Noland, regional director of the Hispanic Scholarship Fund, will also attend.

The new Staples store, at 10045 Almeda-Genoa Road, is the first of four stores planned for Houston in 2008. Each will employ approximately 30 full- and part-time associates. More than half of the Almeda-Genoa store's staff is bilingual to better serve the area's thriving Hispanic-owned small businesses.

The donation to the Hispanic Scholarship Fund, made by Staples Foundation for Learning, Inc. (SFFL), will help advance the organization's mission to double the rate of Hispanics earning college degrees. HSF is the nation's leading non-profit organization supporting Hispanic higher education, and will use the SFFL grant to provide Latino students in the Houston-area with college scholarships.

"Staples is excited to enter the Houston market to make it easy for businesses to get the office products and services they need," said Ruben Chapa, general manager of the Almeda-Genoa Staples. "As a company, Staples is committed to supporting organizations like the Hispanic Scholarship Fund that develop the local community through education. With this contribution, we're pleased to give back to a community that has welcomed Staples as a new neighbor."

"Our relationship with Staples Foundation for Learning will enable Latino youth to receive the financial support needed to complete their undergraduate education and prepare for college," said Christa Noland, regional director for HSF in Texas. "Hispanic Scholarship Fund shares Staples' commitment to improving the Houston community and increasing the educational opportunities available to area youth."

Since 2007, Staples Foundation for Learning has provided $65,000 in grants to Houston non-profit organizations providing educational and job skills programs for disadvantaged youth. These groups include Boys & Girls Clubs of Greater Houston, Hispanic Scholarship Fund and I Have a Dream Houston.

In addition to expanding its retail presence, Staples will continue to serve Houston businesses through its Staples.com and catalog delivery businesses, as well as through its contract business, which has been serving medium-up-to-Fortune 1000 companies in the market since 2003.

Regular store hours are Mon.-Fri. 8 a.m. - 9 p.m., Sat. 9 a.m. - 9 p.m. and Sun. 10 a.m. - 6 p.m.

Making It Easy To Buy Office Products

The new 20,517-square-foot Staples store is designed to make it easy for small-business and home-office customers to shop for office products and services. It features more than 8,000 products, including ink and toner, business machines and innovative Staples brand products, such as the new Staples MailMate(TM) M3 and the Staples 12-Sheet Shredder. The new store also provides other Staples signature services, including the Staples Copy & Print Center (full-service copying and printing services with 100 percent quality guarantee), Easy Tech (technology support, including computer set up and repair, software installation and upgrades), Easy Rebates (paperless, on-line rebate submission process) and the Staples Rewards program, which offers 10 percent back in rewards on ink and toner, case and ream paper and Copy & Print Center purchases.

Staples also makes it easy for customers to make a difference for the environment - what it calls EcoEasy - by offering more than 3,000 eco-friendly products and providing everyday, in-store recycling for computers, office technology, personal electronics and ink and toner cartridges. In addition, all Staples Copy & Print Centers nationwide are now using recycled paper certified by the Forest Stewardship Council (FSC) as the standard offering for black and white high-speed copy and print jobs, becoming the first national copy and print provider to do so. For more information, visit www.staples.com/ecoeasy.

Tax Time at Staples

To most Americans, April 15 is Tax Time, and while electronically filing tax returns can save time and money, it's still important to keep a hard copy of tax documents. To make this stressful time of year easier, every Staples Copy & Print Center will provide up to 20 pages of free copies on April 15 for all 2007 tax returns. Additionally, Staples makes Tax Time easy and safe by offering: tax-filing software and security software to protect your e-filing; external storage devices to safeguard tax documents in case of a computer crash; and stylish M by Staples organizers to file hardcopy tax materials. Visit www.staples.com/securitybystaples for more information on Staples' innovative security products.

Supporting Local Communities

The mission of Staples Foundation for Learning, Inc. is to teach, train and inspire. Founded in 2002, the foundation has contributed nearly $12 million to national and local charities that provide educational opportunities and job skills for all people, with a special emphasis on disadvantaged youth. Staples Foundation for Learning has also developed lasting relationships with Boys & Girls Clubs of America, Earth Force, Hispanic Heritage Foundation and the Initiative for a Competitive Inner City. In addition, Staples Foundation for Learning supports Ashoka, an organization that develops and supports social entrepreneurs around the world, in eight countries: Argentina, Belgium, Brazil, Canada, France, Germany, Spain and the United States. For more information about the foundation or how to apply for a grant, please visit www.staplesfoundation.org.

About Staples

Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 76,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2007 sales of $19.4 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 22 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates more than 2,000 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com.

CONTACT: For Staples, Inc.
Vanessa Astros, 713-513-9521
vanessa.astros@fleishman.com
or
Mike Black, 508-253-0654
michael.black@staples.com

SOURCE: Staples, Inc.