Staples Inc., the world’s largest
office-products retailer, said per-share profit next year will
rise as much as 18 percent as it adds more of its own products
and expands with its first stores in Chicago.
Sales will rise by a “low double-digit” percentage,
according to a presentation posted on the company’s Web site. The
Framingham, Mass.-based retailer also reiterated its
profit forecast for this quarter and year.
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Chief Executive Officer Ronald Sargent is boosting sales
with more merchandise and services for small business customers,
including network equipment and copy centers, while hiring more
people to sell directly to larger firms. He has also added more
office supplies sold under the Staples brand. The company will
begin opening stores in Chicago early next year.
Staples declined to say during a presentation to analysts
broadcast on the Web how many Chicago stores will open. The
company intends to become the top or No. 2 office supplies
retailer in the market.
Bloomberg News
