Staples' Retail Sales Drop, Promotional Division Remains Steady in Q1
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The only division to show a positive change was North American Commercial, which includes Staples' business-to-business divisions like Staples Advantage and Staples Promotional Products. First quarter sales were $2 billion, up two percent from the same quarter in 2012.
"We're gaining momentum in many parts of our business," said Ron Sargent, chairman and chief executive officer for Staples. "We're driving growth online and in categories beyond core office supplies, and we look forward to building on our progress throughout 2013."
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