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The Amazon Effect: Staples To Close 225 Stores, Says It’s 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 More

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