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Staples to close 30 U.S. stores

7:19 PM, Sep 25, 2012   |    comments
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(CNN) - Staples Inc. announced Tuesday it is closing and shrinking some stores as a plan to cut costs and improve productivity.

The office-supply retailer plans to trim retail square footage in North America by 15 percent by 2015.

That plan includes closing 30 U.S. stores and downsizing or relocating another 30 locations by the end of this fiscal year.

The company is also consolidating its retail and online operations and closing 45 stores and delivery businesses in Europe.

CNN

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