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More Bad News on the Store Closings Front

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Turns out these days even being the leader in its sector won't protect a retail chain from the necessity for store closures. CNN Money reports that office supplies giant Staples plans to close 225 stores in North America by the middle of next year. Staples has missed analysts' sales forecasts last quarter and it's reportedly having a hard time competing with the newly merged OfficeMax and Office Depot. The store closings will allow the chain to save approximately $500 million a ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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