Will there be a day when e-commerce stores will trump the brick-and-mortar shopping experience? News that Framingham-based Staples Inc. will close 225 North American stores by 2015, as it beefs up online selling, seems to play into that idea.
A 66-year-old Los Angeles man was awarded $26 million after a jury found that he was harassed and discriminated against by his supervisors at Framingham-based Staples.
When the average person thinks of Staples Inc., retail stores come to mind.
But a major revenue component for the Framingham-based office supply company is its business-to-business contract operations, which accounted for $7 billion in sales in 2012, while the company's retail and online businesses generated a combined $12 billion.
A recent change in leadership underscores the importance the company places on developing new contract business in Australia and New Zealand, as well as new markets Staples has yet to crack, according to Scott Tilghman, a Boston-based analyst who follows the company.
Staples is expanding its program that allows home and business owners to control energy use from handheld devices, according to announcement today from the Framingham-based office supply retailer and the company it has partnered with in the venture.