Staples, a well-known office supply retailer, is closing stores across the US. The company plans to shut down 225 locations by the end of 2023.
This shift in strategy is a reflection of the changing retail landscape, where online sales are becoming increasingly popular. Many retailers are following Staples' lead and focusing on e-commerce to stay competitive.
In the past few years, Staples has seen a significant increase in online sales, with a 15% jump in digital revenue between 2020 and 2021. This trend suggests that consumers are increasingly turning to online shopping for their office supply needs.
As a result, Staples is investing heavily in its e-commerce platform, with plans to improve its website and mobile app experience for customers.
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Store Closures
The last Staples store in Minnesota is closing, and it's located at 11500 Wayzata Blvd in Minnetonka. This store is the only remaining Staples location in the state.
The store is set to close on March 14th, 2025, as indicated by large white signs on the doors. You can still shop online, as the company is still available for online purchases.
A store closing sale with up to 75% off in-store purchases is currently underway at the Lehigh Valley Staples store that's closing this week. This sale is a great opportunity for customers to stock up on office supplies and other essentials.
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Lehigh Valley Store to Close
The Lehigh Valley Staples store at 3764 Easton Nazareth Highway in Lower Nazareth Township is set to close on Friday.
A store closing sale with up to 75% off in-store purchases is currently underway.
The store was unable to comment on the closing announcement, and a company spokesperson did not immediately return a message seeking more information.
Staples, the retail chain behind the store, has more than 1,000 stores nationwide, according to the company's website.
Other Lehigh Valley Staples stores can be found at 2138 W. Union Blvd in Bethlehem, 4628 Broadway Suite A in South Whitehall Township, 3300 Lehigh St. in Salisbury Township, and 2180 MacArthur Road in Whitehall Township.
The store closure marks the end of an era for the location, but customers can still shop at other Staples stores in the area.
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Minnesota's Last Store Closes
The last Staples store in Minnesota is located at 11500 Wayzata Blvd in Minnetonka.
It's surprising to think that just a few years ago, there were several Staples stores throughout the state.
The lone Staples store is closing in March, with a closure date of March 14th, 2025, as indicated by large white signs on the doors.
Customers can still shop online, as the company is still active and available for online purchases.
If you're in the area, you might want to check out the store's closure sale, offering up to 75% off in-store purchases.
Staples was founded in 1986 and has over 1,000 stores nationwide, according to the company's website.
The company's website also mentions that Staples offers a wide array of office supplies, school supplies, furniture, electronics, and more.
The last Staples store in Minnesota is one of many store closures happening across the country, including a location in the Lehigh Valley that is set to close this week.
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Closing Stores, Boosting Online Focus
Closing stores and shifting focus online is a reality for Staples, with plans to close up to 225 stores over the next few years.
The company has been struggling to compete with online retailers, with sales dropping by 12% in 2015.
Closing underperforming stores will help Staples cut costs and allocate resources more efficiently.
Staples has already started to close stores, with 48 locations shut down in 2015 alone.
This shift in focus will also allow Staples to invest in its e-commerce platform and improve the overall online shopping experience for customers.
By closing underperforming stores, Staples aims to save around $300 million in annual costs.
The company is also investing in its online services, including a new delivery service that allows customers to have their online orders delivered to their homes or offices.
By cutting costs and investing in its online presence, Staples is hoping to stay competitive in the retail landscape.
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Frequently Asked Questions
Is Staples doing well financially?
Staples' financial performance has been declining in recent years, with a significant drop in sales revenue from 2011 to 2020. Their sales revenue decreased from $24.7 billion in 2011 to $8.67 billion in 2020.
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