Staples foresees sales declines, plans to close 50 stores

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    • Jan 2009
    • 2093

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    Staples foresees sales declines, plans to close 50 stores

    Staples continues to push forward plans to acquire its rival, Office Depot, but is working on a "plan B" with government resistance to the deal resilient. CEO Ronald Sargent spoke Friday about the company's hopes of persuading anti-trust regulators that a combined company has the best chance of survival in a vastly changed landscape that has eroded sales across the industry.


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