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News Release

John M. Sallay Appointed Staples Senior Vice President of Strategy

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 11, 2004--Staples, Inc. (Nasdaq: SPLS) announced today the appointment of John M. Sallay to senior vice president of strategy. Reporting to Basil Anderson, Staples vice chairman, Sallay will direct major strategic initiatives at the world's largest office products company.

"John brings over 25 years of strategic leadership experience to his role in helping drive long-term growth initiatives for Staples," said Anderson. "His excellent performance in fields such as investment banking, consulting and consumer brand management makes John a great fit for the position and with the Staples culture."

Prior to joining Staples, Sallay served as Chairman and CEO of Manifold Products, a Boston-area firm focused on developing innovative consumer products based on new and proprietary technologies. He has also served in leadership roles for TH Lee Putnam Ventures, Credit Suisse First Boston, Harvard Management Company, McKinsey & Company and Procter & Gamble. Sallay has a graduate degree from Harvard Business School and a Bachelor of Science in Economics from the Massachusetts Institute of Technology. Sallay and his wife live in Weston, MA.

About Staples

Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products retailer. With 60,000 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 2003 sales of $13 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 19 countries throughout North America, Europe and Asia. Headquartered outside of Boston, Staples operates approximately 1,600 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: Staples, Inc.
Owen Davis, 508-253-8468
owen.davis@staples.com

SOURCE: Staples, Inc.