Another day, another category killer trims their store count. On the heels of Radio Shack’s announcement earlier this week to close a chunk of their stores, the market brutalized Staples’ stock on their move. It should applaud as Staples kill off marginal stores. Are you using as many pencils, binders and Post-It(R) notes as you did ten years ago? Are you paying as much for a PC as you did two years ago – if you buy one at all?
The market evolves and stores adapt. Closures play havoc with employees but they are also a sign of healthy responses to market conditions. Smart move, Staples. Over-reaction, stock market.
Posted on 3/5/2014 at 7:00:00 PM