Item 2.06 Material Impairments

As a result of the Corporate Express integration efforts to consolidate trade names, brands and other intellectual property under the Staples, Inc. ("Staples") global brand name, Staples concluded on October 29, 2008, that certain trade names no longer had an indefinite useful life. Staples performed an impairment analysis, and based on the updated fair value of the trade names, management concluded that the trade names associated with the brands Staples obtained from its 2002 Guilbert S.A. acquisition were impaired. A non-cash, pre-tax impairment charge of approximately $120 million will be recorded in its results of operations for the third quarter of fiscal year 2008 ending on November 1, 2008. The estimated impact of this impairment charge is approximately $0.11 per fully diluted share. The impairment is not expected to result in any future cash expenditures.

Item 7.01 Regulation FD Disclosure

On October 29, 2008, Staples announced estimated results for its third quarter of fiscal year 2008 ending on November 1, 2008. Staples also announced that it will hold its 2008 Analyst and Investor Conference on October 30, 2008, from 9:00 a.m. to 2:00 p.m. (ET). The event will include presentations from the management team and will provide updates on the company's financial outlook, strategies and growth initiatives. This event is being webcast and can be accessed at Staples' Web site at http://investor.staples.com. Staples' press release is furnished as Exhibit 99.1.

Forward Looking Information

Certain information contained in this Current Report on Form 8-K constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995 including the information on the non-cash impairment charge. These forward-looking statements are based on a series of expectations, assumptions, estimates and projections which involve substantial uncertainty and substantial risk, including the review of Staples' assessment by our outside auditor and changes in management's assumptions and projections. The reader is urged to consider all such factors. The actual non-cash charge may differ materially from what has been estimated. All of our forward-looking statements are as of the date of this Current Report on Form 8-K only, and except as may be required by law or SEC rule or other requirement, Staples does not undertake to update or revise any forward-looking statements to reflect actual results, changes in assumptions, estimates or projections, or other circumstances occurring after the date hereof.

Item 9.01 Financial Statements and Exhibits

The exhibit listed on the Exhibit Index immediately preceding such exhibit is furnished as part of this Current Report on Form 8-K.

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