Thomas Stemberg
Thomas Stemberg
Thomas George "Tom" Stembergwas an American businessman, investor, and philanthropist. He was a pioneer of the office supplies superstore industry, most notably for founding office supply retail chain Staples Inc. with Leo Kahn...
ProfessionEntrepreneur
Date of Birth18 January 1949
direct marketing operations
Staples' and Quill's direct marketing operations are complementary,
action fed inflation necessary
We really don't think its necessary for the Fed to take action, ... If there's inflation in the economy, we really don't see it.
close continue earnings fourth grow growth guiding investment large led million next percent positive quarter rate reach statements street strong sustain terms thanks year
We will do about $350 million or more this year on staples.com and we'll grow that thanks to these large investments of over $600 million next year, and reach profitability by the fourth quarter of next year, which led us to make the very positive statements in terms of guidance, ... Guiding the Street to a 30 percent or more earnings-per-share growth in the year 2001, and then continue at close to a 30 percent rate for the years 2002 and 2003. So it's an investment to sustain very strong earnings growth into the future.