August 21, 2001, 12:00 AM

Staples.com’s 2nd quarter revenue hits a record $234 million

Revenues at Staples.com, StaplesLink.com, BusinessDepot.com and Quill.com, reached $234 million in the second quarter, up 144% over last year. Staples.com achieved profitability with net income of $5 million for the quarter.

Kurt Peters

Executive Editor

E-commerce revenues for Staples Inc., including Staples.com, StaplesLink.com, BusinessDepot.com and Quill.com, reached $234 million in the second quarter, up 144% over last year’s $162.5 million, the company reported today. Staples.com achieved profitability with net income of $5 million for the quarter, the company said.

“We`re pleased to report that Staples.com again outperformed expectations, and reached the significant milestone of profitability for the first time this quarter, 18 months ahead of our original expectations, and six months ahead of more recent projections," said Staples Chairman and CEO Thomas G. Stemberg.

Staples reported sales of $2.3 billion for the second quarter, which ended August 4, a 5% increase over the $2.2 billion reported for the same period last year. The company recorded net income for the quarter of $40.35 million compared with $42.56 million for the same period last year. Overall comparable sales for the quarter were flat, with retail comparable sales down 3 percent.

 

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement