Will This Be the Next Retailer To Go Belly Up?
Filed under: Company News, Amazon.com, Office Depot, Retail
It happened to Borders. It happened to Circuit City. Don’t be surprised if it happens to one of the three major office supply stores before long.
Market leader Staples (SPLS) announced last month that it would be closing down stores and unloading its European printing business. Wall Street analysts expect that Staples and its peers — Office Depot (ODP) and OfficeMax (OMX) – will post declines in sales this fiscal year.
Wait a minute. Isn’t the economy supposed to be improving?…
Will This Be the Next Retailer To Go Belly Up? originally appeared on DailyFinance.com on 2012-10-11T12:20:00Z.
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