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Posted on 03/06/2014 6:03:40 AM PST by mykroar
Staples Inc , the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015.
Staples' shares fell 9 percent before the bell, after the company also posted lower-than-expected fourth-quarter results and forecast current-quarter profit below analysts' estimates.
The company operates 1,515 stores in the United States and 331 stores in Canada.
More people liberated from the daily grind. Now they can spend their time reading {the help wanted ads), traveling( to one job interview after another) and talking to others( talking to the nice people at the bank about how they cant make their loan payments).
They just installed US Postal Centers in many of their stores.
Apparently it’s contagious.
That’s a lot of stores especially for a company that has been a staple for businesses and the economy.
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