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The International Operations division of Staples Inc. was the only segment to see a downturn in 2011, with a five percent decrease in the fourth quarter and sales of $1.3 billion. The drop "primarily reflects deleverage of distribution and delivery expense, as well as deleverage of rent expense on lower sales in European Retail, partially offset by lower marketing expense," the company said. Full year sales were up three percent, to $5.3 billion.
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