Tuesday, April 26, 2016
The beginning of a note on Investopedia….
Staples (NASDAQ: SPLS) still intends on buying its office supplies retail rival Office Depot (NASDAQ: ODP) despite the FTC's attempts to block the merger, and it recently announced it was selling its print solutions business for an undisclosed sum to help further that end.
The print solutions division offers printing services to businesses, including business cards, brochures, labels, and packaging options. The business will be acquired by Taylor's communications subsidiary, which was formed last year after bidding on Standard Register, a communications services company for financial services, healthcare, retail, and industrial markets that went bankrupt after over 100 years in business.
Staples copy and print business has been a key performing segment and has grown to account for nearly 10% of its retail sales with gross margins well in excess of the company as a whole.
Read the full note at this link:
Posted by Joel Salus at 8:40 AM