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Office Depot to Close 400 Stores

 
Posted Tuesday, May 6th 2014 @ 8am  by KFBK News

Office Depot plans to close at least 400 stores across the country in the next few years.  

The company posted a net loss of $109 million or 21 cents per share for the first quarter.  

Office Depot officials say the stores will be shuttered because people are now buying most of their office supplies from e-retailers, mass market chains and drugstores.

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