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Business Description
Staples, Inc. (Staples) is an office supplies retailer that sells its products through a superstore concept. The Company conducts operations through three segments: North American Retail, North American Delivery and International Operations. The Company sells a wide variety of office supplies and services, business machines and related products, computers and related products, and office furniture. Staples' product offering includes Staples, Quill and other branded products, which represented more than 15% of its total sales during the fiscal year ended January 29, 2005 (fiscal 2004). The Company is also introducing new products, like the One Touch Stapler and Wordlock, under the Staples brand. It also offers an array of services, including high speed, color and self-service copying, other printing services, faxing, and pack and ship services.

Financial Information
For the 52 weeks ended 1/29/05, sales rose 11% to $14.45 billion. Net income rose 45% to $708.4 million. Results reflect higher comparable sales, positive impact of exchange rates, and higher margins.