Staples to close 225 stores - KYTX CBS 19 Tyler Longview News Weather Sports

Staples to close 225 stores

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(CNN) - Staples is shutting down 225 stores in North America.

The office supply retailer is trying to trim costs amid weak sales and earnings. The closings represent 12% of its stores in North America.

Staples hopes to save $500-million dollars a year through the closings and other cost cutting measures. The stores will close by the middle of next year.

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