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Staples profit falls on lower sales of core office supplies
August 20, 2014 / 10:16 AM / 3 years ago

Staples profit falls on lower sales of core office supplies

Aug 20 (Reuters) - Staples Inc’s quarterly profit fell 20 percent as it sold fewer computers and core office supplies in North America.

The largest U.S. office supply retailer said net income fell to $81.9 million, or 13 cents per share, in the second quarter ended Aug. 2 from $102.5 million, or 16 cents per share, a year earlier.

Total sales fell 1.8 percent to $5.2 billion.

North America and online sales fell 6 percent to $2.3 billion. (Reporting by Devika Krishna Kumar in Bangalore; Editing by Kirti Pandey)

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