Staples' Retail Sales Drop, Promotional Division Remains Steady in Q1
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Two of Staples three divisions, North American Stores and Online and International Operations, saw sales drop four percent and 11 percent, respectively. The North American Stores and Online sales, at $2.8 billion, were said to be negatively impacted by the closing of stores and increased competition in computers and hardware. International Operations had sales of $1 billion, and the company attributed the 11 percent decline to weakness in Europe and Australia.
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