https://www.thestreet.com/story/13637634/1/why-staples-will-continue-shrinking-in-america.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
There is likely to be one constant for Staples (SPLS) in coming years -- the continued shuttering of a ton of its hulking U.S.-based office supplies stores.
Matyas confirmed Staples will close 46 to 50 stores in North America this year, as it attempts to slash costs and reinvest the savings in lower prices to better compete with the likes of Amazon (AMZN)
Yes, obviously I won't be talking about Amazon's business specifically, but our views there haven't changed at all. We still think they are a very strong competitor in retail, online and and in contract [business]," Sargent told analysts. He stopped short of saying Staples stores were an albatross to the company's future.