Staples 2002 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2002 Staples annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

STAPLES, INC. AND SUBSIDIARIES
Management’s Discussion and Analysis of Financial Condition and
Results of Operations (Continued)
Segment Performance:
The following tables are a summary of our sales and business unit income by reportable segment and store activity
for the last three fiscal years (see reconciliation of business unit income to income before income taxes in Note M to the
consolidated financial statements):
2002 2001 2000
(Amounts in thousands) Increase From Increase From Increase From
Sales 2002 2001 2000 Prior Year Prior Year Prior Year
North American Retail ....... $ 7,166,105 $ 6,914,219 $ 7,001,339 3.6% (1.2)% 16.8%
North American Delivery ..... 3,389,625 3,008,618 2,779,921 12.7% 8.2% 22.1%
European Operations ........ 1,040,345 796,356 717,069 30.6% 11.1% 48.1%
Total Reportable Segments . . $11,596,075 $10,719,193 $10,498,329 8.2% 2.1% 19.9%
Divested Businesses ......... — 25,180 175,342 (100.0)% (85.6)% (2.6)%
Consolidated Staples ....... $11,596,075 $10,744,373 $10,673,671 7.9% 0.7% 19.4%
2002 2001 2000
(Amounts in thousands) % of % of % of
Business Unit Income 2002 2001 2000 Sales Sales Sales
North American Retail ....... $ 413,895 $ 321,364 $ 427,954 5.8% 4.6% 6.1%
North American Delivery ..... 265,055 205,630 112,100 7.8% 6.8% 4.0%
European Operations ........ 3,722 (6,584) (24,378) 0.4% (0.8)% (3.4)%
Total Reportable Segments . . $ 682,672 $ 520,410 $ 515,676 5.9% 4.9% 4.9%
Divested Businesses ......... — (1,537) (27,833) — (6.1)% (15.9)%
Consolidated Staples ....... $ 682,672 $ 518,873 $ 487,843 5.9% 4.8% 4.6%
Open at Open at
Beginning Stores Stores End
Store Activity of Period Opened Closed of Period
2000 North American Retail .......................... 991 166 9 1,148
2000 European Operations ........................... 138 23 2 159
2000 Total ....................................... 1,129 189 11 1,307
2001 North American Retail .......................... 1,148 117 4 1,261
2001 European Operations ........................... 159 19 3 175
2001 Total ....................................... 1,307 136 7 1,436
2002 North American Retail .......................... 1,261 72 33 1,300
2002 European Operations ........................... 175 14 1 188
2002 Total ....................................... 1,436 86 34 1,488
B-5