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Staples to close 30 stores
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| Parent(s) |
Candidate
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| Contributor | RP |
| Last Edited | RP Sep 26, 2012 01:19pm |
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| Category | News |
| Author | Aaron Smith |
| News Date | Tuesday, September 25, 2012 05:25:00 PM UTC0:0 |
| Description | Staples Inc. announced on Tuesday that it's closing 30 U.S. stores and reducing its retail square footage in North America by 15% as part of a strategy to "accelerate growth."
Staples spokesman Kirk Saville would not comment as to whether any job reductions are in the works when the company lowers its store count by a net total of 30.
Scott Tilgham, analyst for Caris & Co., said it was likely that "if stores here or internationally are being closed, then positions are being eliminated." But he said the company might also rely on the natural attrition of retail workers. |
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