The potential Staples-Office Depot merger would likely have given both chains more buying power, and ability to compete with the larger mass-merchandising retailers, such as Walmart, Target, and even drug stores.
The failed merger between the two office-supplies giants, due to FTC regulations, is also bad news for the retail real estate industry. Specialty big-box retailers, the likes of Best Buy, and others, are facing serious problems. People can literally shop anywhere nowadays for office supplies or electronic devices. And if they don’t feel like shopping in stores, customers can go online to find what they need.
How do you feel about the the Staples CEO resigning and the fate of specialty retailers?
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.