Around the Net
Staples Closes Stores, Goes Online
- USA Today, Monday, March 10, 2014 8 AM
Staples is shutting 225 stores and moving business to the web. The company said it will have closed the stores by the end of 2015. The company's CEO, Ron Sargent, said that nearly half of its sales are done online anyway. For the fourth quarter ended Feb. 1, total company sales fell 10.6% to $5.9 billion a year ago.
