Staples to close 225 stores

  • Staples revealed that online business hasn't been so great and there will be lesser physical stores by the end of next year. 

    Up to 225 stores of America's largest office-supple chain are expected to close by the end of 2015 and about 42 of them were closed in North America last year as well. 

    The move comes as the chain is trying to save about $500M each year and the retailer revealed that fiscal Q1 sales will be low year-over-year. 

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