Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Staples, Inc.    SPLS

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Staples, Inc. : Baltimore's Intelect Corporation Named the 2012 Inner City 100 Staples Diversity Leadership Award Winner

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2012 | 02:00pm CEST

Founder and CEO Rohit Patel Honored for his Entrepreneurial Leadership and Commitment to Creating Jobs and Economic Opportunity for Inner City Residents

Initiative for a Competitive Inner City (ICIC), a not-for-profit organization whose mission is to promote economic prosperity in America's inner cities, together with Staples, Inc. (NASDAQ: SPLS), today announced Baltimore-based Intelect Corporation as the 2012 Inner City 100 Staples Diversity Leadership Award Winner. The award is presented to a company featured on the Inner City 100 list that has made the greatest impact on its community through quality job creation for the inner city's diverse residents and underrepresented populations. The Inner City 100 list, produced by ICIC and Fortune, is a ranking of the fastest-growing inner city companies in the U.S. Staples presented the award to Intelect at the Inner City 100 Awards Dinner held on May 9th at the Sheraton Boston.

Founded in 1995 by chief executive officer Rohit Patel, Intelect Corporation is a one-stop shop for solutions in telecommunications, cellular, intelligent transportation, IT, video surveillance and electrical systems. Patel started Intelect Corporation in an abandoned broom factory in Baltimore and the company now employs more than 112 workers of which nearly sixty percent live in the inner city. Nominated by the Baltimore Development Corporation, this is the company's first appearance on the Inner City 100. The company reported 2010 revenues of more than $13 million and a five-year compound annual growth rate of eleven percent. In 2007, Patel was named Entrepreneur of the Year by Ernst and Young and was honored as one of the "Top 40 under 40" by the Baltimore Business Journal.

"We are pleased to recognize Intelect Corporation and the strong leadership of Rohit Patel which has been the driving force behind this thriving inner city business that has provided enormous stimulus for change in its community," stated Emily McCann, manager, community relations for Staples, Inc. "Staples remains committed to supporting strong entrepreneurial leadership and raising awareness of the vital role inner city businesses play in creating a path for economic opportunity throughout the country."

Staples has long been an advocate for inner cities, minority business ownership and entrepreneurialism and raising awareness of the importance of a robust business sector in creating healthy, urban communities. Staples has been a key supporter of ICIC and the Inner City 100 for nearly 10 years. This year, Staples has renewed its support of ICIC's Inner City 100 through another $150,000 grant. To date, Staples has contributed nearly $1.7 million in support of ICIC and the Inner City 100 program.

"Led by one of today's most creative entrepreneurs, Rohit Patel, we are delighted to celebrate Intelect Corporation as this year's Inner City 100 Staples Diversity Leadership Award Winner," said Mary Kay Leonard, president and chief executive officer of Initiative for a Competitive Inner City. "Through its remarkable commitment to providing jobs for inner city residents and astounding growth, Intelect Corporation demonstrates the impact the private sector can have on America's inner cities."

Highlights of the 2012 Inner City 100 include:

  • The Inner City 100 companies employ 7,965 workers and have created 4,635 new jobs in the last five years.
  • Twenty-five percent are women-owned companies. Nationally, only ten percent of companies with more than $1 million in annual revenues are women-owned.
  • Companies generated $15.3 million in revenues on average and $1.5 billion in the aggregate.
  • Thirty-six percent are minority-owned. Nationally, only twenty-one percent of all companies are led by minorities.
  • Forty percent of Inner City 100 workers are inner city residents.

About the Initiative for a Competitive Inner City

The Initiative for a Competitive Inner City (ICIC) is a nonprofit research and strategy organization and the leading authority on U.S. inner city economies and the businesses that thrive there. Founded in 1994 by Harvard Business School Professor Michael Porter, ICIC expands inner city economies by providing businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. ICIC's unique knowledge and expertise about inner city success factors and thriving companies is developed from specialized urban networks and path-breaking research. For more information, visit: www.icic.org.

About Staples Community and Giving

Staples contributes to educational and youth-oriented community efforts, from literacy and mentoring to career skills development, through in-kind and monetary donations and grants from Staples Foundation, the private charitable arm of Staples, Inc. Through its community and giving efforts, Staples and Staples Foundation have helped more than 6,000 organizations in 2,000 communities across 27 countries. Community and Giving is also an integral component of Staples Soul, which recognizes the connection between long-term business success and the impact Staples has on associates, communities and the planet. For more information, visit www.staples.com/community.

For Staples, Inc.
Emily McCann, 508-253-0203
[email protected]
or
Initiative for a Competitive Inner City (ICIC)
Mary Duggan, 857-284-1303
[email protected]


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STAPLES, INC.
04/20 STAPLES : Earns 2017 Energy Star® Partner of the Year -Sustained Excellence Awar..
04/13 STAPLES : Sustainability Survey Finds that 90% of Businesses Engage in Sustainab..
04/11 STAPLES, INC. : Earns 2017 Energy Star® Partner of the Year –Sustained Exc..
04/05 STAPLES : Office supplies giant Staples eyes sale to private equity firm
04/05 STAPLES : Mulled buyout may pull Staples from US index
04/04 Staples and Conn's rise while Acuity Brands tumbles
04/04 STAPLES : shares jump on media report of sale talks
03/23 STAPLES, INC. : Post Earnings Coverage as Staples Met Earnings Expectations
03/22 STAPLES, INC. : ex-dividend day
03/18 STAPLES : Vote ‘yes’ on Charter — nostalgia won’t pay my..
More news
Sector news : Other Specialty Retailers - NEC
04/21 FTSE edges down, scores worst week in over five months
04/20 MARKS AND SPENCER : Retailer Marks & Spencer says plans to close six British sto..
04/19 GRANDVISION : to acquire Tesco's British optician chain
04/18 European shares hit three-week lows amid jitters over British, French votes
04/10 FTSE bobs along; mid, small caps reach record highs
More sector news : Other Specialty Retailers - NEC
News from SeekingAlpha
04/20 Retail bellwether Foot Locker helps to lift sector
04/19 RISK ARBITRAGE TODAY : Did A Small Bank Just Save The Cabela's-Bass Deal?
04/14 28 'Safer' Consumer Cyclical Gains Piloted By Stores, Leisure, Resorts, Publi..
04/12 RETAIL DISRUPTOR : Online order discounting from Wal-Mart
04/12 Cigar Butts With Little Puffs - Low EV/EBIT Large Cap Strategy, Q1 Update
Advertisement
Financials ($)
Sales 2018 18 449 M
EBIT 2018 910 M
Net income 2018 575 M
Finance 2018 264 M
Yield 2018 4,97%
P/E ratio 2018 10,87
P/E ratio 2019 11,02
EV / Sales 2018 0,33x
EV / Sales 2019 0,32x
Capitalization 6 343 M
More Financials
Chart STAPLES, INC.
Duration : Period :
Staples, Inc. Technical Analysis Chart | SPLS | US8550301027 | 4-Traders
Full-screen chart
Technical analysis trends STAPLES, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 9,80 $
Spread / Average Target 0,82%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Shira D. Goodman President, Chief Executive Officer & Director
Robert E. Sulentic Independent Chairman
Christine T. Komola Chief Financial Officer & Executive Vice President
Thomas Conophy Chief Information Officer & Executive VP
Faisal Masud Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STAPLES, INC.9.17%6 343
SM INVESTMENTS CORPORA..--.--%17 187
TRACTOR SUPPLY COMPANY-13.52%8 522
DUFRY AG21.97%8 378
NEXT PLC-14.13%8 060
MARKS AND SPENCER GROU..4.89%7 502
More Results