Staples Continues Closings, Will Shutter 140 Stores by End of Year

In March, Staples announced it would close 225 stores by the middle of 2015 in an effort to save up to $500 million in annual costs. As part of the plan, the company said it will shutter 140 stores by the end of 2014. The closures will join the 80 locations Staples already shuttered in the fiscal second quarter of this year.