Staples Inc. shares slid yesterday, as the Framingham office supplies chain reported sales well below Wall Street expectations, primarily due to weak demand for technology products, office supplies, ink and toner.
Staples’ total sales fell 4.9 percent to $4.1 billion — missing
analysts’ target by $350 million — with a 2.8 percent decrease in North
American delivery sales and 8.2 percent drop in North American retail
sales. Store closures negatively impacted the latter by about 2 percent.
Same-store sales fell 6 percent.. . . more