Staples

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Title: Staples

Essay Details:

Subject: Business

Author: Colleen H

Date: March 31, 2014

Level: University

Grade: A

Length: 8 / 2146

Essay text:

During this time period companies were consolidating and making retail stores that focused on one industry like Toys R Us. After Tom Stemberg, the founder of Staples, was fired from his job, he saw the need for cheaper office supplies. Leo Kahn, an associate of Stemberg, believed in Stemberg's vision and became his mentor and invested $500,000 into his business idea. Initially, Stemberg thought about going into the supermarket grocery retailing industry, but rejected the idea because of the extreme competition. Stemberg began investigating the need for an office supply industry through conducting interviews on how much money people spent on supplies...

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