This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Staples Inc. will inject $10 million into its online arm, Staples.com, and elevate it to the status of a separate business unit to show how bullish the company is on electronic commerce.
Staples will spend the $10 million in 1999 on personnel, technology, and marketing for Staples.com, its E-commerce Web site launched last month. Jeff Levitan, previously senior VP for strategic planning and business development, has been appointed the new head of Staples.com.
While creating a separate business unit is largely symbolic, the company asserts that the move underlines its ambition to get serious about E-commerce.
In a separate move, the office-supplies retailer is paying $140 million in cash to acquire Claricom Holdings Inc., a telco that provides services to small businesses.
Claricom, in Milford, Conn., provides more than 100,000 companies nationwide with PBX systems, voice messaging, automated call-distribution systems, and other network services. The privately held company will become a unit of Staples, and its products will be sold through Staples' traditional sales channels, but not over the Web.
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
The State of IT & Cybersecurity Operations 2020Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!