Framingham, Mass. -- Staples Inc. announced Tuesday a strategic plan to shore up sales and profitability that will involve accelerating the closure of 15 U.S. stores and 45 stores in Europe.
The office supplies retailer also said it will ramp up investment in its online and mobile efforts.
The announcement comes after a soft second quarter in which profit and traffic dipped downward.
In all, Staples said it will close about 30 U.S. stores this year, as well as relocate and downsize another 30. In Europe, all 45 closures are expected to occur prior to fiscal year-end.
Staples also announced