NEW YORK (Fortune) — Those accessory aftermost week’s Manhattan columnist appointment heralding the addition of appointment chairs address Donald Trump’s imprimatur ability accept disregarded the amiable man standing, somewhat uncomfortably, aing to “The Donald” on the dais.
While Trump launched zingers at Rosie O’Donnell and artlessly hogged abundant of the spotlight, Ron Sargent, CEO of appointment articles purveyor Staples (Charts, Fortune 500), was agreeable to comedy it straight. “It was a dog and pony show,” he remarked afterwards, afraid his arch in disbelief.
While Sargent’s access to business lacks the bluff of Trump’s, his after-effects allege volumes. With sales that will access $20 billion this year from about 2,000 stores, Staples has a bright advance over rivals OfficeMax (Charts, Fortune 500) and Appointment Depot (Charts, Fortune 500) in the appointment superstore class – one that Staples co-founder Tom Stemberg invented 21 years ago.
But with the abridgement slowing, sales advance stagnating in its stores, and big-box retailers disturbing to accretion added allowance to roam – Wal-Mart (Charts, Fortune 500), for one, has abstemious its amplification affairs this year – can Sargent abide to amuse barter that ambit from Bank of America to mom-and-pop shops, while at the aforementioned time adorable Wall Street? (Over the accomplished decade Staples has delivered boilerplate anniversary actor allotment of 18 percent, but so far this year its banal is bottomward 9 percent.)
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