Client:
Staples
Product:
Annual Reports
1995, 1996, 1997
Staples is an outstanding retail success story. Founder Tom
Stemberg built an empire by recreating his supermarket
experience in the office-supply realm. In the years when we
worked on the Staples annual reports, the company was
growing and changing at a rapid rate.
Excerpt:
Staples Annual
Report 1997
Growth:
People make it happen!
It’s
the people of Staples who really make things happen.
Throughout all of our businesses we have extraordinary
associates who have helped Staples get to where we are
today. The stories on the following pages are excellent
examples of associates who are doing remarkable things for
Staples.
Growing a retail store:
George Whitehead
What does it take to run a
Staples store? Execution. What does it take to run a
Staples store in a transitional neighborhood? More
execution.
That’s what George Whitehead discovered three and half
years ago, when he took over as store general manager of
the Staples store at 9195 Central Avenue in Capital
Heights, Maryland. Capital Heights—about ten miles outside
of Washington, D.C.—had long since fallen on hard times.
Many storefronts in the Central Avenue business district
were boarded up. Foot traffic and sales volume were low,
and “shrink” (that is, pilferage from the store) was
running at three times the company-wide average. Turnover
was high, and recruitment of qualified personnel was
difficult. By most measures, the store appeared to be in a
downward spiral.
Whitehead had spent more than a decade in retail—most
recently with a warehouse food club chain—and was convinced
that he had to open up an urgent campaign on several fronts
at once. He immediately called a series of monthly store
meetings, and laid down some basic principles. First:
Staples had clear rules about theft, and Whitehead planned
to enforce them vigorously. Second: Retail was all about
service to the customer. Unless this store was able to make
its customers feel welcome and well-served, Whitehead
cautioned, nobody (including himself!) could be sure that
his or her job was secure.
Words were soon followed by action. Several thieves were
apprehended in the act, and Whitehead came down hard on
them. “Once things like that start happening,” Whitehead
comments, “the word gets around, and the other bad guys
decide to stay away.”
Shrink declined by a third in 1995, and was cut in half
again in 1996. By 1997, Whitehead and his team had cut it
to only slightly above the national average for Staples.
“And you watch our next inventory numbers,” Whitehead says
confidently. “We’re going to have more good news.”
Meanwhile, Whitehead kept up a steady drumbeat about the
importance of service. His store and another nearby
national retailer were the only stores in the neighborhood
that opened early and closed late. Whitehead was determined
to get the whole community to see Staples as a valuable
resource. “Anything we could do to get us involved in the
community, we did,” he recalls, sharing credit for this
effort with his store management team, his associates, and
even family members. “We got the Staples name out there,
and we got the community in here.”
Slowly, foot traffic increased—not just during the
mid-morning hours, but at all hours. The “resource to the
community” strategy began to pay off—first little by
little, and then in a rush. Between 1995 and 1997, sales
volume had increased by a factor of two and a half times.
“Local people walk in here today,” Whitehead says, “and
they can’t believe how well we’re doing. All I say is, ‘Uh
huh—and wait ‘til next year!’”
As for service, Whitehead still savors the day when a
senior Staples executive paid a surprise visit to his
store. Whitehead recognized the executive immediately, but
was tied up with a customer and couldn’t greet his
high-ranking guest. Several other associates—none of whom
had any idea who their newest customer was—immediately
stepped up to wait on him. “That executive and I were
talking later,” Whitehead recalls, “and he said to me, ‘You
know, George, I’ve been to several stores today, and I got
my best welcome here.’”
“And that,” Whitehead says with evident pride, “is what
this store, and these Staples associates, are all about.”