Staples to shutter 225 stores as sales move online - KNOE 8 News; KNOE-TV; KNOE.com |

Staples to shutter 225 stores as sales move online

Posted: Updated:
Source: AP Source: AP

FRAMINGHAM, Mass. (AP) - Staples will close 225 stores by the end of next year and the office-supply retailer is initiating a plan to save about $500 million annually by 2015,

The Framingham, Mass., company says nearly half of its sales are now generated online, so it will aggressively cut costs to become more efficient. The closings, all in North America, will help the company meet its pre-tax savings goal.

The store closings amount to about 10 percent of Staples Inc.'s worldwide total of 2,200. It has 1,500 locations in the United States.

The company's fourth quarter earnings more than doubled compared with last year, when the company booked a restructuring charge of more than $176 million.

  • Most Popular StoriesMost Popular StoriesMore>>

  • 28 Monroe area businesses cited for selling to minors

    28 Monroe area businesses cited for selling to minors

    Tuesday, July 29 2014 11:51 AM EDT2014-07-29 15:51:09 GMT
    Baton Rouge, La. (KNOE 8 News ATC) - Agents with the Office of Alcohol and Tobacco Control recently conducted compliance checks at 173 businesses in the Monroe and West Monroe areas. During those compliance checks, 28 of the businesses, which consist of area restaurants, bars and convenience stores, were caught selling alcohol and tobacco products to minors.
    Baton Rouge, La. (KNOE 8 News ATC) - Agents with the Office of Alcohol and Tobacco Control recently conducted compliance checks at 173 businesses in the Monroe and West Monroe areas. During those compliance checks, 28 of the businesses, which consist of area restaurants, bars and convenience stores, were caught selling alcohol and tobacco products to minors.
  • Union Parish School District employees get a raise

    Union Parish School District employees get a raise

    Tuesday, July 29 2014 11:17 PM EDT2014-07-30 03:17:56 GMT
    FARMERVILLE, La. (KNOE 8 News) - It's Christmas in July for the Union Parish School Board employees. At this month's school board meeting, the board voted to give every employee a raise. 
    FARMERVILLE, La. (KNOE 8 News) - It's Christmas in July for the Union Parish School Board employees. At this month's school board meeting, the board voted to give every employee a raise. 
  • Two arrests, officer tazed at Watermelon Festival

    Two arrests, officer tazed at Watermelon Festival

    Monday, July 28 2014 4:41 PM EDT2014-07-28 20:41:59 GMT
    FARMERVILLE, La. (KNOE 8 News UPSO) - Union Parish sheriff’s deputies made at least two arrests over the Watermelon Festival weekend, one that involved a deputy getting tazed.
    FARMERVILLE, La. (KNOE 8 News UPSO) - Union Parish sheriff’s deputies made at least two arrests over the Watermelon Festival weekend, one that involved a deputy getting tazed.
  • West Monroe man arrested for meth possession

    West Monroe man arrested for meth possession

    Sunday, July 27 2014 9:09 PM EDT2014-07-28 01:09:38 GMT
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
  • Union Sheriff: Man was attempting to hire hit man to kill family members

    Union Sheriff: Man was attempting to hire hit man to kill family members

    Monday, July 28 2014 1:21 PM EDT2014-07-28 17:21:58 GMT
    UNION PARISH, La. (KNOE 8 News UPSO) - A Ouachita Parish resident was arrested by Union Parish sheriff’s deputies and investigators over the weekend accused of solicitation of murder.
    UNION PARISH, La. (KNOE 8 News UPSO) - A Ouachita Parish resident was arrested by Union Parish sheriff’s deputies and investigators over the weekend accused of solicitation of murder.
  • 17 hurt after multi-vehicle Madison Parish wreck

    17 hurt after multi-vehicle Madison Parish wreck

    Tuesday, July 29 2014 3:16 PM EDT2014-07-29 19:16:12 GMT
    DELTA, La. (AP) - A multiple-vehicle accident on the Mississippi River bridge connecting Madison Parish, Louisiana, and Warren County, Mississippi, has sent 17 people to a hospital, most with minor injuries.
    DELTA, La. (AP) - A multiple-vehicle accident on the Mississippi River bridge connecting Madison Parish, Louisiana, and Warren County, Mississippi, has sent 17 people to a hospital, most with minor injuries.
  • A Kansas man charged in the death of a 10-month-old foster child

    A Kansas man charged in the death of a 10-month-old foster child

    Tuesday, July 29 2014 10:32 AM EDT2014-07-29 14:32:06 GMT
     A Kansas man charged in the death of a 10-month-old foster child is expected to appear in court today (tuesday).
     A Kansas man charged in the death of a 10-month-old foster child is expected to appear in court today (tuesday).

  • Clerk wrestles gun away from armed robbery suspect

    Clerk wrestles gun away from armed robbery suspect

    Saturday, July 26 2014 4:40 PM EDT2014-07-26 20:40:24 GMT
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.