On Jul 30, Zacks Investment Research upgraded leading office
), to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Being a leading retailer of office products and services, we
believe Staples remains well positioned to benefit from the
sector consolidation that would help it capture incremental
market share through rational pricing. The company is poised to
generate growth by enhancing its online features, expanding
offerings and streamlining its cost structure.
Staples is laying emphasis on improving store productivity,
accelerating growth in adjacent categories and increasing market
share in core office supplies. Alongside, the company is focusing
on the delivery business, which requires less capital and
generates higher margins.
The company also launched its first omnichannel stores - what
it refers to as the future of retail. Simply put, through this
omnichannel strategy, Staples hopes to fuse its retail network
with enhanced digital capabilities. The company stated that it's
Norwood, Mass, and Dover, Del., stores will incorporate its .com
and mobile assets. Alongside, the stores will feature Staples.com
This new era store concept, with all its attractions could
well prove to be a game changer in the long run for Staples.
Providing shoppers the ease of shopping on their own terms and
enriching their in-store shopping experience could be a crucial
point of differentiation among other retailers.
Other Stocks to Consider
Beside Staples, other stocks in the Retail-Wholesale industry
worth considering include
Brown Shoe Co. Inc
Wolverine World Wide Inc
), all of which carry a favorable Zacks Rank #1 (Strong Buy).
BROWN SHOE CO (BWS): Free Stock Analysis
ITOCHU CORP (ITOCY): Get Free Report
STAPLES INC (SPLS): Free Stock Analysis
WOLVERINE WORLD (WWW): Free Stock Analysis
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