Under their rule, the company has done nothing but maintain a downward slide. Their entire business plan is "How can we do this cheaper?" There's no innovation in the company, no trying to figure out how to drive more customers in the store, just the assumption that if the company costs less to run, they will make more money. All they are doing is driving the company closer and closer to bankruptcy. Anyone who had any part in the decision to pay Office Depot $250M if the merger does not happen should be immediately terminated with all loss of future benefits. When they collapse under their own weight, it will be a loss, but one caused solely by poor decision making and outdated business models.
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"who were let go were not value add , made to much or just a number. It's sad but it's the reality."
No value. I hired and trained many persons who are management now. I was always in number 1 stores. My stores always comped over previous years. I made the company money. I created a positive culture in my stores. I was respected by my associates because I showed them respect. I was let go for one reason only, because I "made to much." About that. I did not give myself raises. I earned them by showing value based on criteria staples made. I was making my value because I did my job. Why is that a bad thing. Because staples creates no growth and blows all profits on roll out with no real plan or follow through, changes focus every three months instead of following a basic plan. I should be pushed out and not be able to feed my family? Get a clue. Let go of executives, that was their fail, not mine. And they are the ones with no value add.
Once again , people are not educated on their own company. Starboard owns zero interest in either company. They dumped all interest last year. They had no skin in this. Let's not forget Best Buy dos the same thing a few years ago and they made actually bigger and bolder moves and recovered fast and turned thier company around. Lots of sad stories sure but a lot of who were let go were not value add , made to much or just a number. It's sad but it's the reality.
I think you need to start placing blame on good old Starboard Ventures because until they started pushing for the BD merger and the cost cutting push, things were a lot better. Mr. Smith is ALL about lining his own pockets not other peoples. Funny he owns shares in both companies?
On the commercial side, that was the name of the game. Get into your customers and "sell more stuff". From Shira all the way down, the feeling is, "we're Staples, you should buy everything from us". They didn't want to hear, Pete at XYZ Company is the Print buyer and has been using Jack's Printing for 20 years and doesn't want to change. It's was go over his head to his boss or the CFO.
The SDO shut down was and is a fiasco, but, they're screwed right now since all the trucks got turned back into Ryder. That was grim day watching our entire fleet of trucks drive off the premises all at once. They also turned the SDO space back over to the landlords. They truly backed into a corner now.
The existing customer base is fed up with the shoddy customer service brought about by "trying to trim payroll". Shira Goodman should of been outright fired today for the whole catastrophe of closing the SDOs and going with 3rd party delivery companies that could not deliver.
Hope fully the upcoming rumored BoD CEO confidence vote goes against Ron. He is not the solution, he is the problem.
I think they are trying to trim payroll and to do as much as they can do with the existing customer base and online sales