Staples senior
Staples Business Advantage's corporate supply division has suffered from the Covid induced lockdown this last 15 months, just like main competitors. Now we understand that Chief Commercial Officer Joanne Harris has departed along with some other senior executives....
New larger dealer
No smoke with out fire? PP Sources inform that a group of larger US OP dealers (up to 20) have considered acquisition of the beleaguered bigbox ODP Corp's (Depot BS division) $4.5Bn in sales, delivery business. We await details of backers' names in terms of funding and wholesaler support, if indeed it proceeds?
Ricoh reacts to
Leading printer brand maker Ricoh is planning its future under the 'Resurgent' tag. Given sliding demand in its core printer sales, can it truly transform itself into a 3D printing, MPS & workspace design powerhouse? Slow progress so far...
Brother bounces
Brother International the $6Bn document services & printermaker, reported a commendable recovery in Q4'21 primarily in the Europe & Asia markets as the Covid crisis eased; and WFH activities spurred growth e.g. sewing machines and color printing
Domtar doomed &
Leading US papermaker Domtar Corporation recovered somewhat from steep declines in Q1'2. Complacent ceo John Williams is closing capacity and repurposing mills for packaging. The Personal Care division has been sold, now a major Canadian rival papermaker owned by Asia Pulp & Paper is interested in a takeover?
Wayfair's wonder
Wayfair, the $14Bn in sales US/UK home & office furnishings etailer, continued to report blockbuster sales growth in Q1'21. The Covid induced WFH lockdown has proved a wonderful sales boost to business customers updating home working facilities
Iron Mountain:
Iron Mountain ex-global leader in document services reported flat Q1'21results. CEO Bill Meaney's opaque and minimalistic reporting seems geared to disguise its mediocrity with reactionary late moves into digital & cloud storage.
Insight losing
Insight Group CEO Ken Lamneckcontinued to report declining organic sales in Q1'21. The group lags leading IT resellers e.g. CDW, Compucenter, Softcat & Synnex. Can it really become a serious competitor whilst it focuses on integration?
Arrow regains
Arrow Electronics, the $28Bn in sales global provider of IT products, services reported powerful sales growth from a tough market in 2019/20 . The CEO Mike Long was appreciative of tremendous growth in Asia Pacific markets.
Sappi's sinking
Sappi, the South African based international papermaker, reported another set of disappointing results in its Q2'21 made worse by Covid. Whilst acknowledging the business is under pressure what is CEO Steve Binnie's (pic left) reinvention strategy?
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