Overseas woes bite into Staples' Q1 sales

Boston Business Journal Weak sales in Australia and Europe put a crimp on first-quarter sales for office supply giant Staples Inc. (Nasdaq: SPLS), while layoff expenses cut into earnings, the Boston Business Journal reports. The office supply retailer reported $6.1 billion in total sales, flat on a local currency basis and a decrease of 1 percent in U.S. dollars, per the BBJ. See all your followed company news on your personalized dashboard. To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide your email address