Staples

Sit down, Coco. Sit down, bravo dog. In this episode we take a look at Staples. Staples was founded 39 years ago, 1986, in Breiten, Massachusetts, by Thomas Steinberg, Leo Kahn and Meijer Hart. The idea of building a nationwide chain of large office business was already established in 1985, when he worked for another company for a project and needed color bands for printers. However, he could not find local dealers who opened it, because it was on the fourth of July on the holiday. Since the opening of the first Staples store in 1986 in Breiten, Massachusetts, the company has grown into 860 branches in the United States with 40 stores and plant centers. They are also represented in Canada. But I had difficulty finding out how many files they have in Canada. Staples started with the support of some private equity companies, including Bain Capital. The founder of Bain Capital, with Romney, was 15 years old in the company's business. In the course of the years, Staples has taken over several other smaller companies from the office field. My favorite among the attempts is Office Depot. Staples has already tried several times to take over Office Depot. The first time it happened in 1996. At this attempt, the Federal Trade Commission switched on and said, No, you don't want that. That will create a monopoly for office business. In 2015 Staples then tried to take over Office Depot again. But here too, the Federal Trade Commission said, No, you can't do that. A few years after this second successful transfer from Office Depot, Staples was bought 2017 by Sycamore Partners for $ 6. 9 billion. $ 1. 6 billion was financed as its own capital. The remaining $ 5 billion was taken as a debt. Also, during this purchase, Sycamore Partners took over the company Staples and divided it into three independent-fueled and capitalized units. This would be the Staples Business-to-Business, the Staples Single Trade Station in the USA and the Staples Single Trade Station in Canada. All three units carry the name Staples. The Leveraged Buyu in 2017 is actually one of the reasons why I decided to make a video about Staples. Since this is another example of a large national retail company, which is charged with a large amount of debt from a Leveraged Buyu. Another reason is that It's always a bit strange to walk around there and this is very, very empty here. When I came to this Staples business a few weeks ago, it was the first time in several years that I was in a office-to-business again. And the first thing that caught my eye was not necessarily my eye, but my nose, was the unique smell that apparently only has office-to-business. It's a scent of paper and ink, maybe also a breath of emotion from the laser printers and copies in the Business Center. It's a smell that is definitely unique in office-to-businesses and they all have this smell. If I would take you with my eyes to a office-to-business and wouldn'tell you what kind of business it is about, and would ask you what it is, you would probably already recognize the smell that it is a office-to-business. To get back to the topic of the overtake of Staples by Sycamore. I mentioned that the overtake of $ 6. 9 billion was and only $ 1. 6 billion as a real capital financed. Only a few years later, in 2019, Sycamore partner was able to get the majority of this investment back up to $ 1. 6 billion. They achieved this through a so-called dividend recapitalization, which I don't quite understand, because I'm not a financial advisor. They were able to refinance $ 5. 4 billion of this debt with their participation in Staples, which led to a unique dividend of $ 1 billion for the private equity company. This surprised many financial analysts that Sycamore could get back about 80% of its own capital investment in Staples in less than two years. This also increased the debt of Staples to almost $ 7 billion. That was six years ago. Meanwhile, Sycamore partner probably won with his investment in Staples. But Staples also has debt at this point in height of over $ 6 billion. Two years later, in 2021, Staples tried to get back all this debt a third time to buy office depots. However, this offer was rejected before the FTC had to intervene again. About a year ago, in June 2024, Staples could owe his entire debt. That was important, because a credit rate of $ 300 million was very soon to be filled and $ 5 billion more was filled in 2026. Due to the apology, the return rate was basically postponed to 2029, when $ 2. 375 billion was filled. Today we are in a basic food business and look at a really dirty piece of a mechanical keyboard. They should really clean it up. I have the term, the return rate on the long bench, used, because it feels The implementations in basic food businesses have gone back in the course of the years. And why is a Nintendo shield sticking over the printing patterns here? Have they ever sold Nintendo products at Staples? Because there are only tonic cartridges here. That's weird. Let's take a look at the software department. In the past, this was a large area in office business Now there is just one small shelf. There are basically only keys to download these programs. There are only Microsoft Office and Antivirus programs. That's the problem with the office business in general. Bureaus simply cons Many offices have turned into paperless office businesses. In the past, they had limiters with orders and pages full of paper. Today, many of these things that you would buy in office businesses are saved on a single $ 15 USB stick. That was filmed at the weekend. When I was here, it was as good as no customer in this store. The problem is not only at Staples. I was in an office max recently and it was similar. There was really no one there. My knowledge is that business to business is better than the philials. That makes my opinion sense. I think many people buy not so many office materials anymore today. So often that it is easier to order a few things and once a month get a order with a few things that you need. But I like that you can buy Christmas plates in the middle of the s These butter plates I see in the shops normally only during Christmas time. What customers are concerned about, who don't have a business and maybe only come to Staples to buy a certain color printing paper for a school project or something So I have the feeling that this is much more rare here, because shops And it's just easier to gather the few things that you need for a school project. While you are at Walmart and buy other things that you would normally buy. They also have a lot of school requirements and requirements articles specifically for teachers. Although I know some teachers and they never hear that they buy at Staples, office max or office depots. Unfortunately, teachers have to take these things in their pockets. I think they try to find the cheapest offer for such things at offers I also saw the famous Staples Easy Button. A big part of it should soon be filled. War der Laden genauso wie auf dem fru00fcheren Filmmaterial sehr, sehr leer. Und ich weiu00df nicht, ob es Staples wirklich besser gehen wird, wenn 2029 kommt und ein Grou00dfteil dieser Verbindlichkeiten fu00e4llig werden. Es sei denn, es geschieht etwas dramatisches, so dass die Kundenfrequenz in ihren Filialen steigt und die Ich denke, 2029 ku00f6nnte das Ende von Staples bedeuten. Wenn sie nicht in der Lage sind, die fu00e4lligen Schulden von u00fcber 2 Milliarden US Dollar zu begleichen, sehe ich keine Mu00f6glichkeit fu00fcr sie, eine weitere Refinanzierung durchzufu00fchren und die Dinge dann auf spu00e4ter zu verschieben. Hier ist etwas, dass man heute in keinem Staple Laden mehr sehen wu00fcrde. Einen dieser kleinen online bestellt Kiosker. Die werden nicht mehr wirklich gebraucht. Und genauso wie diese online Kioske verschwunden sind, ku00f6nnte ich mir vorstellen, dass es irgendwann auch die Staples-Leden geben wird. Da Staples in drei Geschu00e4ftsbereiche aufgeteilt wurde, von denen einer der B2B-Bereich des Geschu00e4fts ist, scheint dieser Bereich des Geschu00e4fts besser zu laufen als das Einzelhandelsgeschu00e4ft. Selbst wenn also alle staple Leden schlieu00dfen, glaube ich nicht, dass das Ende des Namens Staples bedeuten wu00fcrde. Es wird einfach keine Leden mehr mit dem Namen Staples geben. Es wird nur noch Bu00fcrobedarf ausliefern und B2B-Verku00e4ufe tu00e4tigen. Es ist schon interessant, diesen kleinen Block z Meine Notizen zufolge stammt dieses Filmmaterial vom Mu00e4rz 2020. Und es ist interessant zu sehen, dass es diese Dosen mit Butterkeksen schon vor fu00fcnf Jahren das ganze Jahr u00fcber hier gab. Wenn Sie also mal Lust auf diese Kekse haben und es nicht gerade an den Feiertagen ist, ku00f6nnen Sie jederzeit bei Staples kaufen. Wir ku00f6nnen auch eine gewisse Inflation erkennen, denn 2020 kosten diese Kekse 4 Dollar und 99 Cent. Aber auf dem fru00fcheren Filmmaterial von vor ein paar Wochen kosteten sie 629 Dollar. Interessant ist auch, dass es in diesem u00e4lteren Filmmaterial noch etwas Farbe im Laden gibt. ZB. Haben die Schilder fu00fcr die verschiedenen Abteilungen, die von der Decke hu00e4ngen, diesen gru00fcnen Streifen. Wenn Sie sich jedoch das neuere Filmmaterial ansehen, ist der Laden sehr eintu00f6nig. Sie haben die letzten verbliebenen Farben entfernt und alles ist nur noch in neutralen Farben gehalten. Und ich muss sagen, mir gefu00e4llt das Aussehen des Ladens im Jahr 2020 besser. Viel besser! Hier ist etwas, dass ich vor ein paar Wochen nicht im Laden gesehen habe, als ich dort war, aber 2020 war ich hier. Sie hatten eine ganze Abteilung mit Bu00fcrobedarf der Marke Martha Stewart. Dieser Hefter ist der Hammer. Er ist vielleicht nicht in rot, aber die goldene Farbe gefu00e4llt mir. Sie hatten sogar Martha Stewart Sharpies. Jetzt, wo so viele Bu00fcroangestellte von zu Hause aus arbeiten und nicht ins Bu00fcro gehen, ist die Nachfrage nach dekorativen Bu00fcrobedarf sicherlich zuru00fcckgegangen. Ich muss mir immer die Preise fu00fcr manche dieser Tintenpatronen ansehen. Das war vor fu00fcnf Jahren. Manche dieser Sets kosten u00fcber 100$. Und schon damals hatten sie Kameras und Monitore, Und Chuck war 2020 schon immer in den Heftklammer-Lu00e4den. Ich glaube, das ist ein lebensgrou00dfer Pappaufsteller. Ich lieu00df Mark daneben stehen. Er ist ja 1,90 m grou00df. Das ist also wahrscheinlich lebensgru00f6u00dfe. Basierend auf diesem alten und dem neueren Filmmaterial denke ich jedoch, dass das Geschu00e4ft mit den Bu00fcrobedarfsgeschu00e4ften am Ende sein ku00f6nnte. Aber lasst mich in den Kommentaren unten wissen, was ihr daru00fcber denkt. Ich denke, wenn sich die Dinge bis 2029 nicht dramatisch u00e4ndern. Wenn das ganze Geld fu00e4llig wird, ku00f6nnte Staples am Ende Konkurs anmelden. Aber ich denke, wir werden die Sache hier mit der Podcastausru00fcstung von 2020 abschlieu00dfen, als alle mit Podcasts anfingen. Wie immer, vielen Dank fu00fcrs Zuschauen. Wollt ihr euren Namen hier sehen, geht ru00fcber zu patreon. com-ritelag-geology, If you Follow the social media links down below. Because this is the best way to stay on the running, what happens on the Rital Archaeology channel.