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Ashley Furniture to open e-commerce headquarters in Tampa
Tampa, Fla. -- Ashley Furniture Industries announced that it is establishing, through its wholly owned subsidiary, Ashcomm LLC, its U.S. e-commerce headquarters in Ybor City.
The headquarters office will occupy 70,000 sq. ft. of space in Centro Ybor in the heart of Tampa’s historic business and entertainment district. It will eventually house more than 100 employees in executive, administrative, marketing, design, and information technology positions for both the e-commerce business as well as other Ashley corporate operations.
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Staples Q1 profit drops 39%
Framingham, Mass. -- Staples Inc. reported a 39% decline in first-quarter profit amid declining sales and store closures. The results came as the chain is waiting for regulatory approval of its proposed takeover of rival Office Depot.
Staples reported a profit of $59 million, down from $96 million a year earlier.
Revenue slid 6.9% to $5.3 billion. Online sales grew 3%.
Same-store fell 5% in the quarter. Store traffic was down 2%, and the average order size fell 3%.

