After a rough year in 2016, where Staples closed 48 of their locations in North America, 2017 isn’t proving to be much better for the mega office retail chain. Staples posted their fourth quarter for 2016, and the results were less than disappointing, including a 7 percent decrease in retail sales. As a result of these poor earnings, Staples has announced that they will be closing another 70 stores in 2017.
This will affect roughly 5 percent of the stores in North America, where they have 1,255 locations in the U.S. and 304 in Canada.
The closing of these stores curtails Staples move to shift their retail dominant business to cater more to the likes of their online customers.
There have been no announcements regarding which stores exactly will be closed down, but we’re keeping our eyes and ears alert to any further developments in this story.
Click here to find the nearest Staples location to you.
It’s a matter of time before half of their stores close.
Not surprised. The workers in our town would rather chat than wait on customers. After a 1/2 hour wait while they chat behind the till I left and bought my pc at a different store…..YOU LOOSE !
For what it’s worth, I cannot recall having been to Staples within the last few years and actually seen it busy.
Some of their sale prices are decent, but they’re obviously not doing something right.
I was in the store last year on Dec 23 and it was almost empty.
I bought a Laptop there and it was a nightmare getting them to fix it even though I had a valid extended warranty. They never did fix it !!
Every time I get online only coupons what I wanted wasn’t available and visa versa with the store. . .
I have stopped going to my local store as they rarely have the item I want, normal items, hard drive, external HD, Kaspersky, a certain laptop & most recently the Samsung 10 inch TAB-A
I used to spend 3-5 thousand there each year, in 2016 under $500 & so far in 2017 $0
I was having issues and was unable to checkout with items in my cart and contacted them on their Facebook page & I received one extremely Late reply
“Apologies for the late response. Are you still experiencing checkout issues with our site?”
On receipt of their I was already using my new item purchased online from another etailer. . . ALL their issues are there own making. . .
Our company recently signed up for Staples Advantage, allowing all staff to take advantage of discounted pricing through the Staples Advantage program on products that Staples sells. Within 10 minutes of playing around on the Staples Advantage website, a coworker pointed out that even with the discounted pricing from Staples, Amazon.ca was still cheaper! Staples’ days are numbered.
Sounds like Staples is going the way of Grand & Toy-online only, not bricks and mortar.
I’d miss it if the local store goes but the store might be big enough for a small Target style retail entity.
Some office supplies I can only find at Staples. Not wanting to think of what lousy second options there’d be if Staples went bye-bye.
We use their copy centre and they have always gone above and beyond. We would really miss them
Sad but when you are selling thing 50% more expensive then the competition, you will close. This is economy101.