Staples is the largest office supplies firm in terms of revenue. Staples was the undisputed leader in the sector in 2020, with over $13 billion in revenue, according to Statista. The business has a strong internet presence and runs more than a thousand outlets across North America. Staples is a one-stop shop for many businesses thanks to its broad selection of goods, which includes office furniture, computers, and printing services. What is the most widely used office supply?
Although there are numerous widely used office supplies, paper is by far the most crucial item. Paper is a need for most organizations, whether it be for printing documents, taking notes, or writing down ideas. The popularity of writing implements like pens and pencils is also very high among office workers.
Keeping an office organized requires making a list of the supplies needed. It guarantees that workers have the tools they need to do their jobs and reduces the need for idly made store runs. Take stock of your current inventory before making a list of office supplies. After that, compile a list of the things that require replenishment and decide how frequently you should order them. To further streamline the procedure, take into account setting up an automated ordering system. What is the market share of Staples?
IBISWorld estimates that Staples’ market share in the office supply sector is around 47%. Office Depot, which has a market share of roughly 19%, is the company’s main rival. Despite the presence of competitors like Amazon and Walmart in the market, Staples continues to dominate. What are the office supply retailers’ performance ratios?
Performance ratios are used to assess a company’s financial standing. The most popular performance ratios for office supply shops include return on assets (ROA), return on equity (ROE), and gross profit margin. In 2020, Staples’ ROA was 4.9%, ROE was 16.3%, and its gross profit margin was 25.3%, per MacroTrends. These measures show that Staples is a financially sound business that is producing respectable returns for its investors.
In summary, Staples is the industry leader in terms of revenue, while paper is the most used office commodity. Staples has a market share of about 47% and is essential for maintaining an office’s supply list. Finally, Staples’ performance ratios show that the business is financially sound. Although there are numerous office supply providers to choose from, Staples remains the market leader.