Title: Staples Going Out of Business, A Sticky Note on Bankruptcy – Newscast Now
Headings: Staples Going Out of Business, A Sticky Note on Bankruptcy
Staples Going Out of Business, A Sticky Note on Bankruptcy
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Content: Staples also followed the trend of giants like Gimbels, by reducing store help. “ It was a good choice for Staples to eliminate the security people,” said a corporate executive. “ They stunted merchandise turnover and didn’t generate sales.” The decision led to Staples having the largest “shrink” in retailing history. ( Shrink is retailing’s lingo for “theft”.) “ It’s all in keeping with our ‘strategy’ of being number one all the way around.” We spoke with other company executives about the current operations of Staples under the direction of CEO, Ron Sargent. Their collective and conclusive statements pointed out, “The company has been moving successfully in a steady direction of decline since his administration.” “It’s not his fault;” said a protective minimum wage worker. “