The middleman role has disappeared from many industries, as customers go direct to suppliers and online distributors compete aggressively on price. The office supply industry doesn’t seem like an exception, and Staples, the world’s largest distributor of office products, faces serious challenges.
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Staples, Inc. is closing stores and downsizing others, which should lead to margin growth in the next several years.
Staples' shares fell more than any other stock on the S&P 500 last week after the office supply company announced its plan to close 225 stores over the next two years.
These five stock suffered double-digit percentage declines last week.
Staples says it will close 225 stores over the next two years after a disappointing fourth quarter in which total sales fell by 11%.