--- description: The stationary giant is closing 12 percent of its outlets amid strong online competition and dropping sales. title: Staples To Close 225 Stores in North America image: https://static.time.com/v3/assets/bltea6093859af6183b/blt89f9f039e8051eca/6986842dadae440ab5541d45/staples.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [Retail](/tag/retail/) ## Retail Update your preferences in [Account Settings](/account/preferences/) Close # Staples Will Close 225 Stores in North America  by [Noah Rayman](/author/noah-rayman/)  ## Noah Rayman Update your preferences in [Account Settings](/account/preferences/) Close Mar 6, 2014 1:34 PM CUT  In this photo taken Monday, Aug 24, 2009, parents, children and students shop for back to school supplies at the Staples Office Supply store in Springfield, Ill., . (AP Photo/Seth Perlman) In this photo taken Monday, Aug 24, 2009, parents, children and students shop for back to school supplies at the Staples Office Supply store in Springfield, Ill., . (AP Photo/Seth Perlman)Seth Perlman—AP  by [Noah Rayman](/author/noah-rayman/)  ## Noah Rayman Update your preferences in [Account Settings](/account/preferences/) Close Mar 6, 2014 1:34 PM CUT Staples [will close 225 stores](http://www.marketwatch.com/story/fitch-withdraws-ratings-on-certain-utica-ny-municipal-bond-maturities-2013-03-06?reflink=MW%5Fnews%5Fstmp "undefined") in North America, about 12 percent of its outlets, in a bid to cut costs amid strong online competition and dropping sales, the company said Thursday. The office supplies giant expects to save $500 million by 2015 from the latest round of cost-cutting moves, which come after it eliminated 40 stores last year. Staples reported a drop in sales in the fourth quarter of 2013 and projected that sales would be lower in the current quarter compared with last year. On Tuesday, electronics retailer RadioShack said it would close [up to 1,100](http://time.com/12212/radioshack-to-close-more-than-1000-stores/ "undefined") of its stores in the U.S., or roughly 20 percent of its locations, after sales were down 19 percent in the fourth quarter of 2013. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/13957/staples-will-close-225-stores-in-north-america/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/13957/staples-will-close-225-stores-in-north-america/"},"headline":"Staples Will Close 225 Stores in North America","datePublished":"2014-03-06T13:34:02.000Z","dateModified":"2026-02-21T06:37:02.985Z","description":"The office supplies giant has announced plans to close about 12 percent of its stores in North America in a bid to cut costs amid strong online competition and dropping sales. It expects to save $500 million by 2015","url":"https://time.com/13957/staples-will-close-225-stores-in-north-america/","keywords":["Retail","staples"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt89f9f039e8051eca/6986842dadae440ab5541d45/staples.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Noah Rayman","jobTitle":null,"url":"https://time.com/author/noah-rayman/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt89f9f039e8051eca/6986842dadae440ab5541d45/staples.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"In this photo taken Monday, Aug 24, 2009, parents, children and students shop for back to school supplies at the Staples Office Supply store in Springfield, Ill.,","caption":"Staples","creditText":"Seth Perlman—AP","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/retail/","name":"Retail"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/13957/staples-will-close-225-stores-in-north-america/","name":"Staples Will Close 225 Stores in North America"}}]}] ```