Office Supply News Blog September Archive blog.topic  

Staples is Losing Business

By News Minder at 09/04/08 23:13

Earlier this year, speculation was that the office supply giant Staples would be the most likely in its sector to survive the weakening economy. It may survive, but it is still feeling the impact.

The company reported 16 percent loss in profit. Mainly this is due to the cutbacks by the larger corporations of purchases. One such client cut back a hefty 640,000 dollars! To read more about Staples and the profit loss visit, Staples profit falls 16% as corporate clients tighten belts - The Boston Globe.