Staples Announces Closings, Wilmington Future Unclear

The company, which has a location in Wilmington, is closing 30 stores to boost revenue.

Staples, which has a location in Wilmington among other nearby locations, will close 30 of its North American stores to try and boost revenue.

The company, headquartered in Framingham, didn't say which stores would be shuttered. It employs 88,000 workers worldwide.

Both Planning Director Carole Hamilton and Town Manager Michael Caira said they have not heard any news on whether Wilmington will be among the casualties of the company's downsizing.

In a news release, Staples said it wants to concentrate on its online retail operation. Staples is the largest office supplier in the United States. It's also the second-largest online retailer; Amazon is No. 1.

“We are focusing on our biggest opportunities, aligning our organization to address the needs of our customers, and reducing exposure to our weakest businesses,” said Ron Sargent, Staples’ CEO, in a statement. “This puts us in a much stronger position to drive long-term sales and earnings growth.”

Staples said it will also reduce the size of some of its North American stores, close 45 stores and offices in Europe, and shake up its leadership team.

Staples experienced a 5.5 percent decrease in sales during its most recent quarter, according to the Los Angeles Times.

The day's announcement led to a 4 percent drop in Staples' shares, according to NBCNews.com.

Matt Schooley September 27, 2012 at 01:47 PM
Lisa, I have heard rumors that Staples could be closing its Wilmington store. If you have a way I can confirm this, could you e-mail me at matthew.schooley@patch.com or give me a call at (978) 761-9473? Thanks! Matt
Tom Rhodes September 27, 2012 at 03:52 PM
I'm sure they base these decisions on revenue and It's pretty obvious that the Wilmington location is dead compared to other Staples stores in neighboring towns!
private September 29, 2012 at 02:23 PM
They have not said which stores yet...I am a GM at Staples and nobody knows what stores.
Lisa Smith December 26, 2012 at 12:32 PM
Lisa Smith December 26, 2012 at 12:33 PM
The store is closing jan 5th-sorry after i posted I found out it was supposed to be "hush hush"


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