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Staples Inc. Names Jacques Levy President of Staples International; Ten-Year Veteran, Jack C. Bingleman, Retires From The Company

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Feb. 7, 2000--Staples Inc. (NASDAQ:SPLS), the pioneer of the office superstore industry, today announced that Jacques Levy has been named president of Staples International, succeeding Jack C. Bingleman, the division's current president who will be retiring from the company this summer. Levy will report to Ronald L. Sargent, Staples' president and chief operating officer, and will serve on the company's senior management team.

"Jack Bingleman has been instrumental in expanding Staples' presence overseas," said Sargent. "He's laid the groundwork and built the infrastructure that will allow the company to take advantage of the tremendous, untapped office supplies market in Europe. And Jacques' background in managing thriving international retail businesses will help us grow the business and continue improving sales and profitability trends."

With more than 25 years of expertise in international retail, Levy has a solid track record of leading strategy and development for successful retailers. Most recently, he was with The Walt Disney Company where he held a number of senior level positions involving Disney consumer products and the Disney Stores' international and domestic operations and expansion. Levy also held management positions with leading French retailer Galeries Lafayette and served as a regional president for Darty, SA, France's leading consumer electronics and appliances retailer.

Levy earned a M.B.A. from Hautes Etudes Commerciales, Paris and will be headquartered in Staples' Brussels office.

A ten year Staples' veteran and a career entrepreneur, Jack Bingleman founded the company's highly successful Canadian operations in 1990 and was later named president of North American Superstores. In this position, Bingleman created a new store prototype which became the model for Staples' current store format. He then went on to manage Staples' European operations, revamping the merchandising, upgrading and converting the information technology systems and developing a talented management team to turn the business around and position Europe for continued growth.

"Jack's dedication, strategic vision and entrepreneurial spirit have been integral to our success and will have a long-lasting, positive impact on Staples' future," said Sargent.

Staples operates 140 stores in Europe, including 63 in the United Kingdom, 47 in Germany, 23 in the Netherlands and 7 in Portugal. In addition, Staples operates its catalog business in the United Kingdom and Germany and launched its Quill delivery operations in the United Kingdom last year. The company is adding pan-European operations in Belgium to provide the infrastructure to support its growing business, including a distribution center in Tongeren, a call center in Eupen and delivery headquarters in Brussels.

About Staples

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, Germany, the Netherlands and Portugal. 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 46,000 employees serving customers through more than 1,100 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at http://www.staples.com.


     CONTACT: Staples Inc.
              Media Contact:
              Shannon Lapierre, 508-253-8468
              shannon.lapierre@staples.com
               or
              Investor Contact:
              Bonnie Monahan, 508-253-7963
              bonnie.monahan@staples.com