Fate Of Eight Chester County Staples Stores Uncertain
Employees of some of the region’s eight Staples stores may have to reinvent themselves as the company reinvents itself.
The company recently announced plans to close up to 225 stores in the U.S. by the end of 2015.
“A year ago, we announced a plan to fundamentally reinvent our company,” Ron Sargent, Staples’ chairman and chief executive officer said in a company news release. “With nearly half of our sales generated online today, we’re meeting the changing needs of business customers and taking aggressive action to reduce costs and improve efficiency.”
Locally Staples has stores in Downingtown, Exton, Kennett Square, West Goshen, Frazer, Phoenixville, Edgemont and Glen Mills.
Staples spokeswoman Carrie McElwee said she did not have additional details about which locations would close or when.
“As customers shift online, we are taking aggressive action to right-size our retail footprint,” she said in an email. “We are committed to providing great service and every product businesses need, whether it’s in-store, online or through mobile.”
Staples also recently announced a multi-year cost savings plan expected to generate annualized pre-tax cost savings of about $500 million by the end of 2015. The savings are expected to come from supply chain, retail store closures and labor optimization, non-product related costs, IT hardware and services, marketing, sales force, and customer service.
Staples, a 26-year-old firm headquartered in Framingham, Mass., bills itself as the world’s largest office products company and second largest internet retailer. Staples sells office supplies, technology products and services, facilities and breakroom supplies, furniture, copy and print services and a wide range of other products. It also has 22 international sites.
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