You’ve seen the headlines: the death of retail, the retailpocalypse, the end of the shopping mall as you know it. Well, add another line to that narrative: Staples, the office supply store, has agreed to sell itself off for nearly $7 billion. Sales and profits at Staples have been dropping steadily for four years. So […]
The FTC argues that a merger will hurt big businesses that buy office supplies on a national scale.
Shares in the office supply store Staples are down 15 percent this morning after the company said its sales dropped 5.5 percent last quarter. Meanwhile, the discount retailer Target said it made a $700 million profit last quarter