Another day, another category killer trims their store count. On the heels of Radio Shack's announcement earlier this week to close a chunk of their stores, the market brutalized Staples' stock on their move. It should applaud as Staples kill off marginal stores. Are you using as many pencils, binders and Post-It(R) notes as you did ten years ago? Are you paying as much for a PC as you did two years ago - if you buy one at all?
The market evolves and stores adapt. Closures play havoc with employees but they are also a sign of healthy responses to market conditions. Smart move, Staples. Over-reaction, stock market.
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