Staples screwed up big in that way. They kept people on in dying tech roles without any support to grow / learn, add skills and then when things changed, those people had nowhere to go. Of course people should be motivated to grow themselves too, but... — read more
Store #0875
Man things really have changed haven’t they? I used to work in the San Mateo California store three or four years ago. We did really well, we made between 7-8 million in sales every year. I was in a bind yesterday and I needed to buy toner for my... — read more
The Staples of Today
https://www.facebook.com/Sarcasmitsnotforeveryone/photos/a.1559186947695718/2144890632458677/?type=3&theater
Why stay?
So many unhappy people at Staples, so many negative posts (with good reason, mind you) that it makes me wonder what makes all of you stay here? I'm on my way out because I was not happy here anymore, but so many are miserable and they are doing... — read more
Legal Actions vs SP & Staples
https://violationtracker.goodjobsfirst.org/parent/sycamore-partners-management
Raise Amounts?
What did everyone get?
FS Director
FS Director in Michigan has a real bad habit of degrading females. This needs to end. He has to go!
New logo? Big Deal.
I can’t even remember the last time I used a stapler. They are about as useful as the FL sales fiasco.
The Mid Market - SBA Inside
Has turned into hell on meth. Metrics that do not lead to anything but fake opportunities, 3.0 hour talk time. Oh, talking to people about what they will never buy and trying to have quality calls with companies that have no more than 10 employees?... — read more
Repent now!!! The end is near
Repent now my friends— ask for forgiveness as the end is near for our once beloved Staples. Hahahahaha...... sorry... but for the way I was treated and how I watched my fellow team members treated like sh--— is it really so wrong of me to get so much... — read more
Staples is a house of cards at this point
I just left Staples about a month ago. One of the best decisions I’ve made career wise. Staples has gone down as a place of employment since late 2015. The writing was on the wall then. I give Staples 3 or 4 years before they end up like Payless. If... — read more
Atlana FC
Atlanta FC has all certified con man as a director look him up CA.
Expect big layoffs in SDS
The writing is on the wall!
what about essendant?
i work at essendant. tried telling my co-workers what kind of cut throat tactics sp is notorious for but it goes in one ear and out the other. with the latest news about the debt they are sticking staples with so they can recoup their investment i am... — read more
Sycamore’s tough tactics help it survive a brutal retail sector
Sycamore’s tough tactics help it survive a brutal retail sector Sujeet Indap April 9, 2019 3:00 am Private equity Private equity firm won its Nine West battle and scored $1bn dividend from Staples US retail has been a tough business for years. But... — read more
How to Serve Humans
How to serve humans was a great 50s or 60s sci-fi movie. Aliens landed in the US with a book called “how to serve humans”. Of course the humans thought the the aliens arrived to become their slaves and take care of them. Unfortunately for the humans... — read more
Tell a lie Big enough.........and Staples can take over the world!
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It... — read more
The plot thickens This is messed up indeed! This is scum adding more scum and lining their pockets.
(UBS Group AG and Goldman Sachs Group Inc., the two banks leading the debt sale) Please note the relationship Goldman Sacs has had with Sycamore Partners in the Staples acquisition Sycamore Partners Expands Senior Leadership, Names Rob Sweeney... — read more
Does Staples Rebranding Foretell The Fall Of Another Retailer To Private Equity?
Does Staples Rebranding Foretell The Fall Of Another Retailer To Private Equity? Apr 10, 2019 By: Sanford Stein Staples announced a major rebranding effort which was accompanied by flurry of snazzy new product offerings and the customary PR push. At... — read more
Sycamore Partners under scrutiny after pocketing $1 billion from Staples deal Staples is so Scr@wed!
Staples is so Scr@wed! Staples now will have to face $130 million annually in interest payments and a Sh#t Load of Dept! Sycamore has pulled off a $5.4 billion refinancing of Staples, which it bought in 2017, that funded a staggering $1 billion... — read more
Another round of layoffs!
Another round of layoffs this week! A lot of good people got laid off. How much more cutting can they do?!?
WB Mason Rumors
Just that unless anyone has anything substantial to offer.
Is there a way to block the bulge on Linkedin
Is there a way to block the Staples bilge that oozes for the pores of those indoctrinated in FL? I love my connection with the poor souls still there but everyday I have to see some syrupy oozing bilge about how great they are. I want to keep my... — read more
Hilarious Article
https://news.avclub.com/beware-world-for-the-cult-of-staples-is-upon-us-1833843878 The funniest part of this article is that they don’t even realize/acknowledge the amount of debt the company had to take on to polish this turd. Enjoy.
No Lifeguard Can Save 20 Drowning People.
somehow $1 billion of existing revenue will salvage $20 billion in plummeting revenue? you'd have to be the stupidest person on EARTH to believe this. do you think 1 lifeguard can save 20 people at the same time? OMG, how stupid you can be here?
New Logo New Brands New Focus
I like the new logo. And the new brands seem cool. I’m just not sure that it’s enough when the real issues remain unaddressed: Amazon, Costco, SP dumping $1B in debt on the company, continued high turnover. I hope the company makes it for the many... — read more
Wake up and open your eyes PEOPLE!!
I get the whole I want to believe thing going on here.... it’s human nature to try and hold onto something that’s positive versus analyzing the facts to come to a negative conclusion. But folks— I have got some bad news for you..... when I was young... — read more
Dot Com
Is dot com part of retail or delivery? My guess is it’s part of delivery. So if true how does the whole “omnichannel” (e.g. BOPIS) survive if delivery has a different owner than retail after SP spins off delivery? I don’t get it?
Stores use to close for a less than 100k bottom line!
But nowadays you can have a zero bottom line and be kept open. Rebranding Staples (which is necessary) tells you everything about how f'd up the company is... They can't IPO it as STAPLES because no one in their right mind would buy it! It will be a... — read more
Trim the fat
Great sales conference. Unfortunately there are still way too many Sales Managers, Directors and VP's in this company. All taking large salaries and bonuses while the sales people are actually earning the money. All they do is high five each other... — read more
Staples is a Trashed Shelby Cobra
SP picked it up for nothing, repainted at Maaco, new Walmart tires, Marvel Mystery oil to stop the burning smoke, stretched sheepskin covers over the tattered leather seats and is now looking for a clueless buyer.
This IS the Staples Future! Payless should ring a bell for you!
Retail-focused Sycamore Partners is planning to cash in on its investment in Staples through a $1 billion dividend recap, according to Bloomberg, pushing the office supplies company's total debt to more than $5.3 billion, or about 4.7x adjusted... — read more
PSA: Post ratings are fake
Very easy to up/down vote a post as many times as you want.
Florida Sales Conference
I don't know about you, but I thought the event in FL was amazing, inspiring, and covered everything that can possibly be covered to instill confidence. Nearly 4000 people attended. One negative poster with a dozen pluses on their comments should not... — read more
Staples Learning & Development
What can I say - I’ve seen this department gutted, built up and gutted again. Junior trainers are now in the role of Senior Managers and above, and it’s quite humorous. These “leaders” spend time making shirts for their team, playing games and... — read more
Moody's Not Negative on the Dividend Recap
Moody's rating remains "B1" even with the recap https://www.moodys.com/research/Moodys-affirms-Staples-B1-CFR-assigns-ratings-to-proposed-refinancing--PR_397406 New York, March 26, 2019 -- Moody's Investors Service ("Moody's") today affirmed Staples... — read more
Enjoy the Kool-Aid in Florida
As many of you head to Florida this week think of the hundreds co-workers and Friends that were let go in the past year and are at home searching for a job, trying to make ends meet and telling their family everything is ok. So enjoy the sunshine and... — read more
Is Anyone Really Surprised?
SP lied to us from the very beginning. They are cash s---ing leaches that essentially stole $1.3b in cash from Staples on closing day. They told SG that she would remain the head of Staples and then informed her the night before the closing that they... — read more
Can you say "bankruptcy" sure - sure you can!
https://www.channele2e.com/investors/private-equity/staples-for-sale-again/
Sycamore Exit / IPO
https://www.bloomberg.com/news/articles/2019-03-22/sycamore-is-said-to-seek-1-billion-payout-in-staples-debt-deal