STAPLES INC. said Thursday it will close as many as 225 stores throughout North America after online competition from rivals such as Amazon.com hurt the office-supplies retailer's sales. The company declined to comment on whether any of the stores slated for closure included those located in Rhode Island.
WASHINGTON – Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell. The annual pretax savings, which the company expects to achieve by the end of 2015,…
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