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Staples's logo from 1988 to 2019. Staples Inc. is an American office supply retail company headquartered in Framingham, Massachusetts. Founded by Leo Kahn and Thomas G. Stemberg, the company opened its first store in Brighton, Massachusetts on May 1, 1986. [5]
Parneros joined Staples in 1987 as general manager of its first store in New York City and worked in the company's human resources, marketing, merchandising and store operations divisions. [5] In 2002, Parneros was appointed president of the company's U.S. Superstores and responsibility for over 1,000 locations. [6]
He started his career with the Jewel Company's Star Markets where he became the vice president for the company's sales and merchandising division. [10]In 1986, Stemberg started Staples with backing from private equity firms, including Hambro International Ventures, Harvard Management, Bessemer Ventures, Adler & Company, and Bain Capital; [11] Bain co-founder Mitt Romney served on the company's ...
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Leo Kahn (December 31, 1916 – May 11, 2011) was an American reporter and businessman. He is credited as the co-founder of Staples Inc. [1] [2] Kahn is also considered a pioneer of the natural and health food supermarket industry, founding the Fresh Fields and Nature's Heartland chains, which are now part of Whole Foods Market.
The pair researched whether Staples should have a delivery business and Goodman eventually left Bain for Staples. [5] Goodman joined Staples in 1992. [5] Goodman was the first director of Marketing and Merchandising for the catalog business. At the time, Staples was just a small $30 million business unit. [6]
Sargent joined Staples in 1989. In 1991, Sargent become head of the Staples catalog division, and in 1997 he became head of North American operations. In 2002, Sargent became the CEO of Staples. [5] On May 31, 2016, Ron Sargent announced that he would step down as CEO of Staples after the company's annual shareholder meeting on June 14, 2016.