With earnings right about in line with expectations today for Staples (NASDAQ:SPLS), the second largest Internet retailer behind Amazon (NASDAQ:AMZN), many were left wondering, what is it that has Staples shares up about 3% today? In this video, Motley Fool Consumer Goods Analyst Blake Bos points to a few major changes within the company that may have driven the spike, such as big restructuring changes, big rebranding changes in Europe and Australia, and an increased focus on the company's online presence rather than its brick and mortar locations. He closes by suggesting a play for investors who have a position in Staples right now.
Blake Bos owns shares of RadioShack. The Motley Fool owns shares of Amazon.com, Best Buy, RadioShack, and Staples and is short RadioShack. Motley Fool newsletter services recommend Amazon.com, Best Buy, and Staples. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.