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News Breaks | | | | September 25, 2012 | | 08:20 EDT |  | SPLS | Staples announces strategic plan, initiates cost savings plan
To achieve its vision, Staples is increasing investment in online and mobile capabilities to provide business customers with a differentiated multi-channel shopping experience. Building on its success in categories like facilities and breakroom supplies, copy and print, and technology products, Staples is significantly expanding its assortment beyond office supplies to better serve the needs of business customers. To help fund these investments in growth, Staples is initiating a multi-year cost savings plan which is expected to generate annualized pre-tax cost savings of approximately $250M by the end of fiscal year 2015. | |
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