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Staples swings to profit but sales fall
Framingham, Mass. -- Staples reported net earnings of $135.2 million for the third quarter ended Nov. 2, compared with a loss of $596.2 million a year earlier.
Sales fell to $6.11 billion from $6.35 billion as the retailer was challenged by soft demand for its products and closed stores in Europe and North America. Same-store sales in North America, excluding sales through Staples.com, fell 3%.
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Charter to broker Dollar Tree and Dressbarn in Connecticut
New York -- Dollar Tree and Dressbarn have named Charter Realty and Development as the exclusive broker in Connecticut.
Dollar Tree, a Fortune 500 company with approximately 4,700 stores looks for 8,000- to 12,000-sq.-ft. spaces. Dollar Tree is also looking for locations in freestanding strip malls and power centers.