Staples 2014 Annual Report Download - page 107

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FORWARD-LOOKING STATEMENTS
STAPLES 13
our ongoing expansion into new markets and new channels.
In addition, as a result of operating in multiple countries, we
must comply with multiple foreign laws and regulations that
may differ substantially from country to country and may
conflict with corresponding U.S. laws and regulations. We may
also be subject to investigations or audits by governmental
authorities and regulatory agencies, which can occur in the
ordinary course of business or which can result from increased
scrutiny from a particular agency towards an industry, country
or practice. If we fail to comply with laws, rules and regulations
or the manner in which they are interpreted or applied, we may
be subject to government enforcement action, class action
litigation or other litigation, damage to our reputation, civil and
criminal liability, damages, fines and penalties, and increased
cost of regulatory compliance, any of which could adversely
affect our results of operations and financial performance.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
As of January 31, 2015, we operated a total of 1,983 retail
stores in 48 states and the District of Columbia in the United
States, 10 provinces and 2 territories in Canada, and in Finland,
Germany, the Netherlands, Norway, Portugal, Sweden, the
United Kingdom, Argentina and Australia. As of that same
date, we also operated 109 distribution and fulfillment centers
in 28 states in the United States, 7 provinces in Canada,
and in Austria, Denmark, Finland, France, Germany, Italy, the
Netherlands, Norway, Poland, Portugal, Spain, Sweden, the
United Kingdom, China, Argentina, Brazil and Australia.