Although second-quarter sales declined 2 percent over 2013, Staples beat analysts' expectations with earnings of 13 cents per share, the Framingham-based office supplies retailer announced Wednesday.
Staples has completed its acquisition of a Canadian digital media firm that the Framingham-based office supplies retailer said would broaden its online offerings and functionality for its business customers.
In a statement, Staples said it acquired all shares of PNI Digital Media of Vancouver for $1.70 (Canadian) per share ($1.58 US). Staples said PNI's stock will be delisted from the Toronto Stock Exchange and the OTC QB marketplace later this week.
The union representing Massachusetts public school teachers announced a boycott of Framingham-based Staples on Monday to protest the opening of U.S. Postal Service retail centers inside company stores.
As its executive team faces shareholder challenges, Framingham-based retailer Staples today announced the opening of a development center in downtown Seattle.
Framingham-based retailer Staples has debuted eight new product categories in its Dallas-area retail outlets, with a projected rollout to more than 1,000 stores across the U.S. and hundreds more in Canada.
Chicago-based Fitch Ratings has downgraded its assessment of Framingham-based Staples due to a reported decline of core office supply sales and weak business technology product sales.
Office supplies retailer Staples of Framingham said it will buy a Canadian digital media firm that helps retailers. The purchase price for PNI Digital Media of Vancouver, British Columbia is estimated at about $67.2 million.