Staples closing 12% of North American stores

By Erica Quednau |

Published 03/06 2014 04:15PM

Updated 03/06 2014 05:40PM

NATIONAL -- Staples is shutting down 225 stores in North America. The office supply retailer is trying to trim costs amid weak sales and earnings. The closings represent 12% of its stores in North America.

Staples hopes to save $500 million a year through the closings and other cost-cutting measures. The stores will close by the middle of next year. No word if any Central Illinois locations are on that list.

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