First Radio Shack, now Staples. Staples, Inc. announced that it will close up to 225 stores across the United States and Canada after reporting a 17% sales decline from last quarter. Staples has 1,846 stores throughout the U.S. and Canada and will be closing 12% of their North American outlets.
Chief Executive Ronald Sargent stated:
"Our customers are using less office supplies, they're shopping less often in our stores and more online, and their focus on value has made the marketplace even more competitive."