Staples, Inc. stock price

Staples, Inc. latest news:


  • 02/20/2018 14:34:19

    Walmart's stock marks worst daily point drop in its history as a publicly traded entity

    Shares of Walmart Inc. on Tuesday got walloped, with the retailing giant notching its worst dollar decline of all time, according to FactSet data. The world's largest retailer was under heavy selling pressure, down 10.2%, or $10.67, after it said online sales growth slowed during the fourth quarter (The percentage decline represented its steepest one-day drop since January of 1988.) That marks a turn from three quarters of strong online growth, for the Bentonville, Ark.-based company as it attempts to wage war against rival and retailing behemoth Amazon.com Inc. . Walmart has been a publicly traded company since the early 1970s. On the upside, Walmart reported that sales in existing stores rose 2.6% in the fourth quarter, representing its 14th consecutive quarter of growth. Walmart's decline weighed on the broader market, yanking the Dow Jones Industrial Average , where it is a component, down by about 70 points, while the S&P 500 index's consumer-staples sector, as measured by the Consumer Staples Select Sector SPDR ETF , also got whacked, with declines there weighing on the broad-market S&P 500. Nearly all the components of the XLP, referring to its ticker, ended in negative territory. The Dow closed the session down 254 points, or 1%, at 24,964, the S&P 500 index settled off 0.6% at 2,716, while the technology-laden Nasdaq Composite Index finished near flat, off less than 0.1%, at 7,234. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/20/2018 14:12:42

    Walmart's stock marks worst daily drop in its history as a publicly traded entity

    Shares of Walmart Inc. on Tuesday got walloped, with the retailing giant notching its worst dollar and percentage decline of all time, according to FactSet data. The world's largest retailer was under heavy selling pressure, down 10.2%, or $10.67, after it said online sales growth slowed during the fourth quarter. That marks a turn from three quarters of strong online growth, for the Bentonville, Ark.-based company as it attempts to wage war against rival and retailing behemoth Amazon.com Inc. . Walmart has been a publicly traded company since the early 1970s. On the upside, Walmart reported that sales in existing stores rose 2.6% in the fourth quarter, representing its 14th consecutive quarter of growth. Walmart's decline weighed on the broader market, yanking the Dow Jones Industrial Average , where it is a component, down by about 70 points, while the S&P 500 index's consumer-staples sector, as measured by the Consumer Staples Select Sector SPDR ETF , also got whacked, with declines there weighing on the broad-market S&P 500. Nearly all the components of the XLP, referring to its ticker, ended in negative territory. The Dow closed the session down 254 points, or 1%, at 24,964, the S&P 500 index settled off 0.6% at 2,716, while the technology-laden Nasdaq Composite Index finished near flat, off less than 0.1%, at 7,234. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/20/2018 09:17:45

    Walmart's stock is on track for its worst point drop in its history as a publicly traded entity

    Shares of Walmart Inc. late-Tuesday morning were getting walloped, with the retailing giant on pace to log its worst dollar decline of all time and its worst percentage drop since October of 2015, according to FactSet data. The world's largest retailer was under heavy selling pressure after it said online sales growth slowed during the fourth quarter. That marks a turn from three quarters of strong online growth, for the Bentonville, Ark.-based company as it attempts to wage war against rival and retailing behemoth Amazon.com Inc. . Walmart has been a publicly traded company since the early 1970s. On the upside, Walmart reported that sales in existing stores rose 2.6% in the fourth quarter, representing its 14th consecutive quarter of growth. Walmart's decline was weighing on the broader market, yanking the Dow Jones Industrial Average , where it is a component, down by about 70 points, while the S&P 500 index's consumer-staples sector, as measured by the Consumer Staples Select Sector SPDR ETF , was also getting whacked, with declines there weighing on the broad-market S&P 500. Nearly all the components of the XLP, referring to its ticker, were trading in negative territory. Most recently, the Dow was off 130 points, or 0.5%, the S&P 500 index was down 0.2% at 2,726, while the technology-laden Nasdaq Composite Index was up 0.3% at 7,264, bucking the overall Walmart-driven slide for U.S. equities. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/20/2018 08:54:10

    Popular consumer retail ETF dragged lower by Walmart's faltering stock

    A downturn in shares of Walmart Inc. on Tuesday was weighing on consumer staples, and a popular exchange-traded fund that tracks the sector. The Consumer Staples Select Sector SPDR ETF was off 1.9% in early trade, with one of the biggest weights on the fund derived from the more than 9% drop in shares of Walmart Inc. . Other consumer-staples names were driven, including Kroger Co. , off 3.6% and shares of Costco Wholesale Corp. , down 1.4%. The decline in consumer staples was among the most severe among the S&P 500 index's 11 sectors during the session. Walmart's stock, on track to post its steepest daily percentage decline in about three years, also was exacting a more than 70-point toll on the Dow Jones Industrial Average . The Walmart share stumbles comes after the world's biggest retailer reported that online sales growth slowed during the fourth quarter. The online sales slippage also put its profit margin under pressure. Meanwhile, the Nasdaq Composite Index was slightly higher, up 0.1%, at 7,248, while the S&P 500 was off 0.4% at 2,722. The Dow was down 193 points, or 0.8%, at 25,023. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/13/2018 14:01:20

    U.S. stocks close higher for a third straight session

    U.S. stocks closed higher for a third straight session on Tuesday, with banks and consumer staples leading the market higher in a broad advance. The Dow Jones Industrial Average rose 40 points, or 0.2%, to 24,641. The S&P 500 added 7 points to 2,663, a rise of 0.3%. The Nasdaq Composite Index was up 32 points, or 0.5%, to 7,013. All three indexes had opened in negative territory but regained ground throughout the session. Despite that, at current levels they remain about 7% below record levels hit late last month, meaning they are still in correction territory. Financial stocks were among the biggest gainers of the day, with the sector up 0.5%. Wells Fargo & Co. jumped 2.7% after CEO Timothy Sloan reassured investors that the Federal Reserve's action capping its assets wouldn't hurt the bank. Separately, Goldman Sachs Group Inc. rose 0.9%. The day's gains were broad, with nine of the 11 primary S&P 500 sectors ending higher on the day. Energy was one of the two decliners, dipping 0.4% as oil prices stalled. In company news, Under Armour Inc. spiked 16% after it reported stronger-than-expected revenue.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/05/2018 13:34:55

    Sector Update: Consumer

    Consumer stocks were finishing sharply lower this afternoon, with shares of consumer staples companies in the S&P 500 sinking over 2.3% this afternoon while shares of consumer discretionary firms in the S&P 500 slipped almost 2.2% after trading nearly even for much of today's session. Price: 182.26, Change: -5.05, Percent Change: -2.70. MT Newswires does not provide investment advice.

  • 01/26/2018 14:26:01

    Staples names Coca-Cola veteran Douglas as new CEO

    U.S. office supplies chain Staples Inc, which was taken private by Sycamore Partners last year, named Coca-Cola Co (KO) veteran J. Alexander Douglas as its chief executive on Friday. Douglas will replace Shira Goodman starting April 2. Goodman, who took the top job in 2016, will leave Staples, the Wall Street Journal reported earlier on Friday.

  • 01/26/2018 13:39:00

    Staples taps former Coca-Cola exec as CEO, to replace Shira Goodman

    Staples' Chief Executive Officer Shira Goodman is departing the company, to be replaced by J. Alexander Douglas.

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