19.11.2014 - Staples will close 170 stores

Staples Corporation announced a reduction of sales in the quarter, which ended on November 1 by 2.5% to 5.96 billion dollars. Despite this, the company reported a profit of 216.8 million dollars, or 34 cents per share, from 135.2 million or 21 cents per share for the same period of the last year. It is worth noting that from the beginning of the year 127 low-income stores have been closed in North America and the company plans to increase this figure to 170. Given the policy of cost reduction and development of online sales as well as growth in consumer spending in the US, we expect increase in stock prices in the medium term with potential of increase by 25-30% per year.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.