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Staples: Closing Some & Buyout Interest

Staples: Closing Some & Buyout Interest

Staples closing 45 stores in Europe and 15 in the Unted States.  Private equity firms have also expressed interest in purchasing the company. 

Business Week Article

Staples to close 30 stores

Staples spokesman Kirk Saville would not comment as to whether any job reductions are in the works when the company lowers its store count by a net total of 30.

Scott Tilgham, analyst for Caris & Co., said it was likely that “if stores here or internationally are being closed, then positions are being eliminated.” But he said the company might also rely on the natural attrition of retail workers.

Staples, an office supply chain that sells computers as well as printers and copy machines, is based in Framingham, Mass., and will have 1,871 stores in the United States and Canada after the 30 are closed.