One of the major puzzle pieces of Staples focusing on its North American retail effort was put in place today, with the company selling off its European business at a loss of approximately $117 million.
As Staples works to implement a new program taking it away from retail to a more service-oriented and middle-market direct to business format, the company's income and sales continued to slide in the third quarter of the year.
In an ongoing expansion of its service offerings, Framingham-based Staples announced Thursday that it has partnered with Managed by Q to connect small businesses to more than 100 on-demand office services.
Framingham's Staples is continuing to look for traction, and money, outside of its office-supply bubble, with the latest efforts focusing on partnering with companies to monetize its brand through a new licensing program.
Framingham office supply retailer Staples has locked down a deal with Boston coworking space firm Workbar to put the flexible office spaces inside of Staples stores.
Following 400 employee layoffs from companies including Bose, EMC and Staples, the U.S. Department of Labor has approved a grant for just over $2.5 million for retraining of impacted employees.
With fall settling in, Framingham's Staples has already announced that its stores will not be open on Thanksgiving day, instead opting to push potential customers online.