Staples will start closing stores to improve its chances of competing with online retailers.
The company on Thursday announced that it plans to close as many as 225 stores between now and the end of 2015. The closures, which will affect only North American retail locations, are expected to help Staples save $500 million. The move follows the 40 net store closures Staples initiated last year.
Staples has been making a major push for the online space. The company reported that at the end of 2013, it had more than 500,000 products available on Staples.com. At the beginning … Read more