Staples focuses on growth categories
| 16 May, 2017
Staples announced the results for its first quarter ended April 29, 2017. Total company sales for the first quarter of 2017 were $4.1 billion, a decrease of five percent compared to the first quarter of 2016.
Total company comparable sales for the first quarter of 2017 declined three percent compared to the first quarter of 2016.
“2017 is off to a good start and, consistent with our strategy, we drove solid sales growth in the mid- market and improved profitability in North American Retail during the first quarter,” said Shira Goodman, Staples’ Chief Executive Officer.
“Based on our success growing categories beyond office supplies, we’re intensifying our focus on several key growth categories including facilities supplies, breakroom supplies, furniture, technology solutions, and promotional products, or what we now refer to as ‘Pro Categories’. We’re pursuing this opportunity from a position of strength as we bring together the products, services, and expertise to provide a differentiated offering to business customers of all sizes.”