07 March 2014
Staples reportedly plans to close 225 stores by 2015, or 10 percent of its global footprint, as online sales now account for about half of over all sales.
Full-years sales figures were $23.1 billion in 2013, with $11.5 billion in online sales, according to TechCrunch.
The move comes as more brick-and-mortar stores see their sales moving to online and mobile venues. Market Platform Dynamic CEO Karen Webster reported about brick-and-mortar store’s death spiral in a recent commentary.
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