The company will open approximately 100 stores in North America this year, in line with original projections. During the quarter, the company also opened three stores in Portugal and its first unit in South America, in Argentina.
"We are maintaining our strong pace of new store openings," said Michael A. Miles, Jr., president and COO.
During the last quarter, the company finalized its acquisition of Corporate Express. Integration is proceeding well, the company said.
For the quarter, total company sales were $5.1 billion, up 18% from the second quarter of 2007. Net income was $150 million, a 16% drop. North American comparable store sales declined 7%. Comparable store sales in Europe also declined 7%.
At the end of the quarter, Staples operated 1,802 stores in North America, 337 stores in Europe, 31 stores in China, and one store in Argentina.
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