Staples founder: Why I'm supporting Romney
#1 Aug 29, 2012
While it was a great concept in its day, succeeding at the expense of wiping out local mom-and-pop outfits, the big-box office store concept appears to have run its course.
On almost every key metric it appears to be falling apart and struggling to find its way as competition from the likes of Amazon.com and the demise of the personal computer industry, take their toll.
Sales and earnings growth have turned negative in a significant way, but more disconcerting: Once a big generator of cash flow, Staples is now barely eking it out as it struggles to stay cash flow positive.
Sounds a lot like America these days.
Since: Feb 07
#2 Aug 29, 2012
The big brick and mortar operations are fearful of what stores like 'Staples' make available to the independent contractor.
Get use it,
'I Made This'
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