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|Staples to close 225 stores by 2015|
|News - St Augustine Area & St Johns County|
Staples has become the second major chain to announce the mass closing of stores this week, providing the latest evidence of how the retail landscape is being remade by shifts in American shopping habits.
The nation’s largest office-supply company said Thursday that nearly half of its sales are now generated online, and it is working aggressively to cut costs and become more efficient. It aims to close more than 10 percent of its North American stores by the end of next year, up to 225 stores, as part of a plan to save about $500 million.
Read entire article: Staples to close 225 stores by 2015