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March 6, 2014 06:00 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/17wXcfWhpzE/
The Amazon Effect: Staples To Close 225 Stores, Says Its Now Making $11.5B In Sales Online
The Amazon effect continues to be felt among the brick-and-mortar faithful. Today, office supply superstore Staples announced that it would close 225 stores by 2015, some 10% of its worldwide footprint, as it continues to move more of is business online -- now half of its total sales. The news came out in the company's Q4 and full-year earnings, which noted full years sales figures of $23.1… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/17wXcfWhpzE/
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