225 Staples Stores Get the Ax
That's 12% of its North American locations
By Kate Seamons, Newser Staff
Posted Mar 6, 2014 9:17 AM CST
This March 6, 2013 file photo shows a Staples office supply store Miami.   (AP Photo/ Lynne Sladky, File)

(Newser) – Staples says it does nearly half of its business online these days, and by the end of next year, there will be fewer physical locations in competition with that. America's largest office-supply chain today announced that it will close up to 225 stores in North America by the end of 2015; Bloomberg points out that's 12% of its 1,846 locations on the continent. Some 42 North American locations were closed last year. The move comes as part of a plan to save about $500 million annually by 2015. The retailer shared that fiscal Q1 sales will be down year-over-year; that's the fifth straight quarterly decline.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
225 Staples Stores Get the Ax is...
11%
20%
57%
9%
2%
1%
Show results without voting
You Might Like
Comments
Showing 3 of 31 comments
viva_yo
Mar 9, 2014 7:10 AM CDT
Cheeses, who can wait for things to arrive in the mail, especially since they want to cut mail service out? It's not even safe to get packages in my building because the drug addicts making crystal meth steal all of them; I have to pick up all my packages at another location.
Lou Bernardo
Mar 7, 2014 12:03 PM CST
They built new office stores here all at the same time: Staples, Office Max and Office Depot. Two are gone or closing. Also recently NAPA, O'Reily, Auto Zone and Auto Aid opened auto parts stores, all within 2 miles of each other. These's something wrong with marketing today. It seems like cagey money laundry tricks to me a way to make money losing money.
Ezekiel 25:17
Mar 6, 2014 7:48 PM CST
I did a stint at Office Depot in the early 90's to make some fun money on my long stretches of days off. We were the only one in town and there was no Staples, Office Max, Best Buy, Circuit City, etc. It was great. We did $90,000 days. The manager told me never to say that but now they are happy to have a $120,000 week. It was mostly credit transactions anyway. I enjoyed it because all the local celebrities and some nationals visited. I met Johnny Bench and Johnny Crockran. Mr. Cockran came to town to sue the government for the Murrah bombing. He needed to quickly set up an office down the street and I hooked him up with everything he needed. While I never agreed with his politics, he will always be a great man in my mind. The downfall came late 90's when Office Max opened up, then Staples all within a 3 mile radius of us. They siphoned off some of our management. I stayed with it until the job no longer sustained my interest. Well, they met with me and said I missed my sales goals. I figured they were close to firing me so I went into the IT world at that juncture.