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Staples Plans 100 Stores

FRAMINGHAM, MA-Staples will expand its office supply stores into 10 major markets next year, including Miami and Denver.

By Beverly Ford | Updated on November 15, 2006

FRAMINGHAM, MA-Office supply retailer Staples Inc. plans to enter 10 major markets, including Miami and Denver, as part of an expansion that will include the addition of 100 North American stores next year to its existing 1,576-store US and Canada portfolio, the company said.

The nation’s largest office product supplier, which opened 31 stores in the U.S. and six in Canada during the third quarter, said it also is testing a line of stand-alone copy and print shops in the Boston market near its Framingham, MA headquarters. The company said it expects to have a total of 100 new Staples stores opened by the end of the year

The expansion announcement, made during the company’s third quarter conference call, comes as strong back-to-school sales, higher customer traffic and an increase in the size of the average order boosted Staples’ quarterly profits 30%.

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