Staples sees recession, wields knife ; As economy wavers, stores trim costs wherever they can

The Boston Globe | February 10, 2008| | Copyright

From the looks of things at Staples, the recession is upon us.

Customers are visiting stores less frequently and buying fewer items at the office supply chain's 1,430 shops. In recent months, businesses have cut back delivery orders, especially for high- priced merchandise like office furniture and computers. And last summer and fall, Staples Inc. saw sales drop for two straight quarters at stores open at least a year for the first time since 2000.

So, the Framingham retailer is trimming costs everywhere it can, reducing advertising, delaying new hires and renovations, curtailing employee ...

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