.

Staples Closing More Than 200 Stores Nationwide

Move comes as retailer continues to cut costs, reinvent itself.

Staples announces store closures. Patch File Photo
Staples announces store closures. Patch File Photo

By Liz Taurasi

As the office supply retailer continues to reinvent itself, Staples has announced it’s closing 225 stores by the end of 2014.

The Framingham, MA-based retailer says it’s aggressively cutting costs to become more efficient as nearly half of the company’s sales are now generated online.

While locations of stores to be closed has not been announced, the company says it will impact 10 percent of its brick and mortar locations overall. Staples as 2,200 stores worldwide with 1,500 locations in the United States. The store closings will impact Staples locations in the United States.

The plan is expected to help the company save approximately $500 million by 2015.

In September, Staples eliminated a number of positions, most of them “leadership positions” at the company’s Framingham headquarters.

In late August, the company released its second quarter performance showing sales for Q2 were $2.4 billion, a decrease of 2 percent, compared to the second quarter of 2012.  At the time, Staple’s Chairman and CEO said at the time that the company continued to make progress in its strategic plan to reinvent Staples.
Iron Mike March 07, 2014 at 03:07 PM
Ya'see Steve, THIS government believes that people who can read and write – and who actually NEED office supplies, - should be paying extra so people who can't read & write can get EBT Cards.
deb of see-attleboro March 07, 2014 at 03:20 PM
Well, Steve, you missed my point completely. My point was that a smart shopper in a free economy will take his/her business elsewhere and never, EVER forget.
Iron Mike March 07, 2014 at 05:14 PM
In THIS state in particular Steve, too many adults were raised up hearing at the dinner table about how 'greedy and mean those Republican fat cats are'. Their parents – mostly just high school grads at best - never figured out where their paychecks came from. Back then they thought FDR was a god. Today their kids & grandkids think Obama is one too. A certain kind of ignorance can be inherited...

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »