Staples announced on Thursday that the office supply company plans to close 225 stores in North America over the next two years. The decision comes as the Framingham, Mass. company reports a five percent decline in sales from 2012 to 2013. Company chairman Ron Sargent said in a press conference that Staples will be changing its focus from retail to online sales.
“We know customers appreciate the convenience and service our stores provide,” Sargent says. “That said, stores have to earn the right to stay open and we are committed to making tough calls when it’s necessary.”
Although Staples already closed 40 stores in the past year and reduced the size of many others, Sargent says it needs to make more aggressive cuts to remain competitive. The company has not announced which stores will be closing, or how many jobs will be lost as a result. Staples currently has more than 1,500 stores in the country, including 75 in Massachusetts and 37 in Connecticut.