Staples Inc. – the nation’s largest office supply retailer – has long suffered two pesky competitors with similar names: Office Depot and OfficeMax.
Now these two Office companies are merging into one with a plan to achieve $400 million to $600 million in annual “synergies.” This word is code for cost cutting, and in this case will means closing stores and laying off employees.
Looks like all that Staples has to do is sit back and watch its competitors merge and shrink. Like it’s catchy advertising goes, “That was easy.”
Click here to read my column on the Office merger in MarketWatch.