Thursday, March 9, 2017

Staples to shutter 70 stores

Staples Inc. swung to a loss in the latest quarter amid lower revenue, as the retailer booked roughly $791 million in charges related to goodwill impairment, restructuring costs and asset write-downs.

The company has been closing stores, which have been challenged by soft sales. Staples said Thursday it plans to close roughly 70 stores in North America this year.. . . more

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