Q4 financials:
Sales down 3.7% to $5.66 billion ($5.87 billion in 2014)
North American Stores and online sales down 6.9% to $2.70 billion ($2.90 billion in 2014)
International operations sales down 11% to $898.44 million ($1.010 billion in 2014)
Online sales up 8% to $663.2 million ($614.07 million in 2014) …show more content…
According to filings with the Securities and Exchange Commission, the company shut down 169 brick-and-mortar stores in fiscal 2014, with plans to close at least another 56 in fiscal 2015.
The recent financials suggest an even greater need for the company to officially acquire Office Depot in order to better compete with retailers like Amazon and Walmart. Staples offered to buy the competing office supply chain for $6.3 billion in February this year (see also: Staples Submits $6.3 Billion Offer to Acquire Office Depot. The deal is pending an antitrust investigation from the FTC, but is expected to be