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Staples unveils plan to close 60 stores, invest in online/mobile efforts
Framingham, Mass. -- Staples Inc. announced Tuesday a strategic plan to shore up sales and profitability that will involve accelerating the closure of 15 U.S. stores and 45 stores in Europe.
The office supplies retailer also said it will ramp up investment in its online and mobile efforts.
The announcement comes after a soft second quarter in which profit and traffic dipped downward.
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Guitar Center to open in Durgin Square
Portsmouth, N.H. -- Boston-based The Wilder Cos. said that Guitar Center will open a 7,358-sq.-ft. store at Durgin Square in Portsmouth, N.H. The new store will host a grand opening on Sept. 27.
Durgin Square is tenanted by TJ Maxx, HomeGoods and Shaw’s.
Wilder Cos. is the management company for the shopping center.