Shrinking sales and costs at Staples in Q3

|By:, SA News Editor

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.