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Staples. That was easy. Cole Potter Pedro Navarro Pinya N. Overview. Staples invented the office superstore concept in 1986 and today is the worlds largest office products company.
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Staples That was easy Cole Potter Pedro Navarro Pinya N
Overview • Staples invented the office superstore concept in 1986 and today is the worlds largest office products company. • With around 74,000 employees, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services. • Fast Facts: • Number of stores: 1,884 • Number of Associates: 74,000 • Founder: Tom Stemberg • First store: Opened May 1, 1986 in Boston Massachusetts
Staples Growth • Staples has not only grown but has evolved to meet the needs of the customer. • The associates are trained to help people get in, get what they need and get back to business of running their business • Staples promises to help make it easy for people to buy their office products: • Making the stores easy to shop • High demand items like paper and ink are located up front so customers can easily find them • Guarantee to have the ink or toner cartridge in stock
About the Office Superstore • Each Staples superstore carries over 7,000 brand name products for businesses and home offices, including supplies, furniture, small business machines, computers and peripherals all at guaranteed low prices. • Each store also features a full service copy center and UPS authorized shipping outlet. It is the one stop solution to all your office supply needs. • Families also take advantage of Staples everyday low prices on school supplies, as well as products to help with finances, tax preparation, computing and organizing. • While sales of online and catalog channels have continued to grow, their retail stores still represent nearly 75% of total revenues. Part of their mission, "to slash the cost and hassle of running your office," means they need to be where the customers are.
History • 1986 – Staples launches its first store in Brighton, Massachusetts • 1990 – Western U.S. expansion • 1991 – Helps found Canada's first office superstore • 1992 – Enters the European marketplace (Germany) • 1993 – Opens first store in the United Kingdom • 1995 – Announces remodeling of stores in North America, Increases store size from 17,000 square feet to 20,000 square feet • 1996 – Staples turn 10 and opens 500th store in Vero Beach, Florida • 1998 – Launches staples.com • 1999 – Opens 1000th store in Georgia • 2000 – Sales top $10 billion • 2001 – Becomes the first office supply superstore to integrate its e-commerce site into its retail locations nationwide • 2002 – Becomes the world’s largest seller of office supplies, with revenues topping $11 billion • 2006 – Celebrates 20th Anniversary and begins operations in Taiwan
Target Market • Mass market • Further Segmented by: • B2B • Businesses • Small • Large • B2C • Occupation: Office workers • Home office professionals • College Student
Staples Solutions & Programs • Easy Tech • Which they have certified PC pros can handle any technology needs right at your office or at any Staples store. • Ink Guarantee • Promise to have your ink or toner cartridge in stock. If they don’t, they will get it for you with free delivery and $10 off. • Have a 110% price match guarantee • Easy Rebates • Now you can submit most rebates online • Receive rebates sooner within 4-6 weeks, instead of 10-12 weeks • Staples Business Delivery • Free delivery on orders of $50 or more • Invention Quest
Staples Solutions & Programs • Was created to make it easy for everyday inventors to share their new product ideas. • As the world’s leading retailer of office products it gives Staples the ability to search for new innovative office product ideas to add to its growing line of brand products. • Award the top winner $25,000 with the chance to earn royalties should Staples develop and sell the product. • Staples Invention Quest gives our customers the opportunity to bring their own office product innovations to life,” said Mike Miles, chief operating officer for Staples.
Copy & Print Center • Available from the Copy & Print Center • Full service copying and printing services with a 100% quality guarantee. • Signature Services: • Digital color copying, printing, lamination and various binding capabilities • Additional Services: • Wide format color printing capabilities for high quality photo enlargements, posters, signs and banners • Staples launched Design Services (in 2006) • Making it easier for businesses of any size to tap into the creativity and expertise of professional designers to bring their materials to life. • Professionally designed documents include: • Flyers, brochures, announcements, invitations, customized business cards… • For additional convenience customers can visit online to upload digital files and submit print and copy jobs to any store location.
Advertising/Promotions • “That Was Easy” Campaign • Illustrates Staples long term strategy to truly buying office products easy. • Staples new Mail Mate shedder was cast in a supporting role in the Nov. 16th episode of the NBC sitcom “The Office.” • More than a product placement • Has been integrated into the show • "This TiVo-proofs our advertising," said Staples vice president Todd Peters. • Since people with video recorders are becoming adept at skipping commercials
Store Layout Improved in 2002 • They refused to be part of the crowd. • They did a study to understand consumer behavior at Staples stores. • Though the research, they learned the Staple customers no longer liked the warehouse look and feel. • They came up with a new store layout called the Dover.
Layout Features • A race-track layout that incorporates shorter aisles and lower fixture heights, improving customer sight lines and traffic flow • Improved signage that clearly marks each category, as well as enhanced product descriptions that allow customers to compare and contrast products within the same category • Emphasis on cross merchandising, featuring logical product adjacencies that increase the “shopability” of the store (e.g. fax paper with the fax machines; ink cartridges and paper with printers)
SWOT Analysis • Strengths • Market leader in the office supply industry • Growing delivery business • Increasing internet sales and presence • Staples Soul • Weaknesses • Poor performance in international markets • Low margins
SWOT Analysis • Opportunities • Increasing online spending • Positive outlook for US office supply segment • Store expansion • Threats • Intense competition • High oil prices • Slowing PC sales
References • http://www.staples.com/ • http://www.staplesrealty.com/html/design_engineering.htm • http://www.envirosell.com/index.php?option=com_content&task=view&id=49&Itemid=70 • http://findarticles.com/p/articles/mi_m0FNP/is_21_40/ai_79867461