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Closing While Growing Small

NEW YORK CITY—At first glance it would seem that it's been a pretty touch week for hard goods retailers, with Radio Shack announcing plans to close 1,100 stores and Staples saying it will close 225 units over the next two years.

By Debra Hazel | Updated on March 07, 2014

NEW YORK CITY—At first glance it would seem that it’s been a pretty tough week for hard goods retailers, with Radio Shack announcing plans to close 1,100 stores and Staples saying it will close 225 units over the next two years.

But the latter may not be as bad as it seems, though it acknowledges that its shoppers increasingly are buying online. Staples Chairman and CEO Ronald Sargent says there’s still room to grow, even if it’s not as much as he originally thought.

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