Staples, Inc., the office supplies marketer based in Framingham, MA, plans to merge Direct, its small-business and consumer catalog operation with Staples.com.
The company is also withdrawing its planned initial public offering of Staples.com tracking stock and, looks to convert Staples.com stock into Staples, Inc., common stock. Jeanne Lewis, former Staples.com president, has been promoted to the new position of president of Direct.com and will lead the unified Direct and Staples.com business.
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