Staples Announces 2014 Performance Results
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Staples secured more than $250 million of annualized cost savings in 2014 in its effort to eliminate at least $500 million of annualized costs by the end of this year. Part of that effort to reduce costs included shuttering 169 North American stores (152 in the U.S. and 17 in Canada) as part of a plan to close at least 225 stores by this year. Staples ended fiscal year 2014 with 1,679 North American stores.
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