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11 yrs ago
Staples Closes
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Staples has announced that it will close 225 stores nationwide before 2015. The closure comes as the U.S. office supplies retailer forecasts a a fall in this quarter's sales, as it continues to lose customers to e-retailers and chain department stores. The closure is part of a "multi-year cost reduction plan" that has been initiated by Staples, in order to generate pretax cost savings of approximately $500 million per year by 2015.
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Loss in sales forces closure of 225 Staples stores.
Staples has announced that it will close 225 stores nationwide before 2015. The closure comes as the U.S. office supplies retailer forecasts a a fall in this quarter's sales, as it continues to lose customers to e-retailers and chain department stores. The closure is part of a "multi-year cost reduction plan" that has been initiated by Staples, in order to generate pretax cost savings of approximately $500 million per year by 2015.
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