Staples Business Depot announced on Tuesday that it must close more stores. They are undertaking new cost-cutting measures as they\u00a0try to grow as a company in a struggling economy. The problem is that stores like Wal-mart and online distributors like Amazon can sell the very similar products for a much cheaper price. There are no longer points of difference between Staples and discount stores such as Wal-mart, except for the fact that Staples is more expensive. Wal-mart is using its\u00a0strength as a giant department store to\u00a0cut prices and put companies like Staples out of business.\u00a0Another problem is people today are reducing their discretionary spending. People are better informed of what to buy, and will attempt to save money at all costs.<\/p>\n
These new measures that Staples is taking reportedly will save the company $250 million by 2015.<\/p>\n
What do you think?<\/p>\n
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