|Staples Marks Retail Milestone With Opening of 1,000th Store in Atlanta|
| Business Editors|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 5, 1999--
Store Dedicated to The Home Depot Co-founders Bernie Marcus and
Arthur Blank; Office Retailer Enters Greater Atlanta Retail Market,
Opening Eight Superstores
Staples Inc. (NASDAQ:SPLS) today announced it is opening its 1,000th office superstore in Duluth, Ga. The store is dedicated to Atlanta-based Home Depot co-founders, Bernie Marcus and Arthur Blank, who revolutionized home improvement by creating the warehouse retail concept.
"Bernie and Arthur developed a whole new channel for home
improvement supplies when they launched The Home Depot in 1978," said
Thomas G. Stemberg, chairman and chief executive officer of Staples.
"They were my role models and my inspiration to bring this exciting
new retail concept to office supplies and help small businesses slash
the cost and hassle of running their offices. We are honored to
dedicate our 1000th store to these pioneers."
The 1000th store represents a key milestone for Staples, which
invented the office superstore concept when it opened its first retail
location in May 1986 in Brighton, Mass. Since then, Staples has grown
its focus from strictly providing office supplies at every day low
prices to becoming a comprehensive provider of solutions for small
In addition to traditional office supplies, furniture and
technology, Staples now offers payroll services, local and long
distance telephone services, telecommunications services, packing and
shipping services, and technology assistance, such as memory upgrades.
And the company offers its products and services through a growing
number of sales channels, including catalog, a contract business, and
most recently, the Internet.
"We are particularly pleased that our 1,000th store is in Greater
Atlanta, a new market for Staples," said Joesph S. Vassalluzzo,
president of Staples Realty and Development. "Atlanta hosts a strong
and vibrant small business community and is growing exponentially.
Even though we already have 1,000 stores in the world, we see
tremendous opportunity for expanding in U.S. communities and cities we
currently are not serving and in Europe. New sales channels, such as
the Internet, also create tremendous possibilities."
Currently, Staples operates 1,000 stores, including 784 stores in
the U.S; 138 stores in Canada; 53 stores in the United Kingdom; and 25
stores in Germany. The company opens a new retail location
approximately every 51 hours, and plans to open a total of 170
superstores worldwide in fiscal year 1999. Last year, the company
opened 174 stores.
Staples Inc. is a $7 billion retailer of office supplies,
furniture and technology to consumers and businesses from home-based
businesses to Fortune 500 companies in the United States, Canada, the
United Kingdom and Germany. Headquartered outside Boston, Staples
invented the office superstore concept and today is the largest
operator of office superstores in the world. The company has over
44,000 employees serving customers through 1,000 office superstores,
mail order catalogs, e-commerce and a contract business. More
information about the company is available at www.staples.com.
--30--mm/bos* CONTACT: Staples Inc. Shannon Lapierre, 508/253-8468 firstname.lastname@example.org KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: RETAIL