What is Staples?
The Massachusetts-based office and general supplies retailer began in 1986 with the goal of focusing on providing for the needs of offices in the United States and beyond. The founders Leo Kahn and Thomas Stemberg saw the need for an office supplies superstore that could fulfill the needs of offices not just in the United States, but all over the world.
Founding lore has it that, Stemberg had difficulty finding printer ribbons along many of the retail outlets when he desperately needed to print something. Thus, the idea of an office supplies megastore was created.
By 2016, Staples generated revenue of $20.2 billion dollars in sales. Since then, the focus has primarily been on the transition to online markets.