Staples said yesterday that it plans to close as many as 225 stores in North America, with a goal of cutting its annual costs by up to a half-billion dollars.
The announcement comes as the office suppliers retailer said that its Q4 sales were disappointing, its Q1 sales are projected to be lower than the same period a year earlier, and the company is focusing to a greater extent on online strategies that it hopes will allow it to compete more effectively with the likes of Amazon.
The announcement comes as the office suppliers retailer said that its Q4 sales were disappointing, its Q1 sales are projected to be lower than the same period a year earlier, and the company is focusing to a greater extent on online strategies that it hopes will allow it to compete more effectively with the likes of Amazon.
- KC's View:
-
It is simple. Change or die.
