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70 Staples Stores Will Close In 2017

Staples has announced that it will close 70 of its North American office supply stores in 2017.

The closures come after the company announced that its sales were down 3 percent in the fourth quarter of 2016 compared to the same time in 2015.

The company closed 13 stores during the fourth quarter of 2016 and 48 stores for the full year in North America and ended the year with 1,255 stores in the U.S. and 304 stores in Canada, according to a release from the company. During that same time, the company completed the sale of its retail business in the United Kingdom.

"Our fourth quarter results were right in-line with our expectations, and I'm increasingly confident that we have the right plan and the right team to transform Staples and get back to sustainable sales and earnings growth," said Shira Goodman, Staples' Chief Executive Officer in a press release. "I am particularly proud of our ability to grow our delivery business by continuing to enhance our offering and satisfy our business customers."

Staples has 76 stores in New Jersey, with the closest ones located at 1021 Broad Street, Shrewsbury and 1100 Highway 35 in Ocean Township. The company did not announce which stores will be closed or when they will be closing.

Read more from: Little Silver
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