Jefferies Reiterates Hold on Staples (SPLS) Following 2Q Report
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August 17, 2016 6:16 AM EDT
(Reuters) - Staples Inc (NASDAQ: SPLS), the biggest U.S. office supplies retailer, forecast its 15th straight quarter of declining sales as it closes stores in the face of intensifying competition.
The company and former merger partner Office Depot Inc (NASDAQ: ODP) are struggling to compete with Wal-Mart Stores Inc (NYSE: WMT) and Amazon.com Inc (NASDAQ: AMZN) at a time when people are using less stationery.
Staples' shares were down 7.3 percent at $8.65 in... More
August 17, 2016 6:04 AM EDT
Staples (Nasdaq: SPLS) reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.78 billion.
Second Quarter 2016 Highlights
Staples Business Advantage, the companys North American contract business,...
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August 16, 2016 2:28 PM EDT
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