Alliance Data Canadian loyalty business announces agreement with Staples Canada Alliance Data (ADS) announced that its Canadian loyalty business signed a new multi-year agreement with Staples (SPLS) Canada. Staples Canada operates approximately 330+ locations in every Canadian province under the banners Staples and Bureau en Gros. Staples Canada will launch the AIR MILES Reward Program nationally in-store and online in early March
Staples upgraded to Buy from Neutral at UBS UBS upgraded Staples (SPLS) to Buy based on favorable risk/reward and potential synergies and earnings growth from the Office Depot (ODP) acquisition. Price target raised to $20 from $18.