Staples reports fall in sales
| 29 August, 2017
Staples announced the results for its second quarter ended July 29, 2017. Total company sales for the second quarter of 2017 were $3.9 billion, a decrease of three percent compared to the second quarter of 2016.
Second quarter 2017 results from continuing operations include pre-tax charges of $10 million primarily related to the proposed acquisition of the company by funds managed by Sycamore Partners.
Staples announced that the highlight of the quarter was improved profitability of its North American businesses.