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Shrinking sales and costs at Staples in Q3

  • Staples (SPLS) reports comparable store sales fell 3% in the U.S. during Q3.
  • Total company sales were clipped by a full percentage point due to a strong U.S. dollar.
  • A goal to reduce costs by $150M in 2013 was met ahead of schedule, notes the office supply chain. (PR)
  • SPLS +1.0% premarket.
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