Staples’ online business Staples.com has reached profitability for the first time and six months ahead of schedule.
The e-commerce business which includes Staples.com, StaplesLink.com, Quill.com and BusinessDepot.com recorded a 24% increase in revenues to $234 million for the second quarter, with Staples.com recording a net income of $5 million.
Staples Inc saw overall profits fall by over 5% for the period but is expecting earnings for the third quarter and full year to increase over last year.
23-Aug-2001
