The Staples in the SLO Promenade on Madonna Road will close effective June 29, as part of the companys closure of more than 200 stores throughout the United States, a manager confirmed Tuesday.
After reporting fourth-quarter sales down 10.6 percent from the year-earlier period, Staples Inc. announced in March that it would close 225 stores and begin focusing more on online sales.
With nearly half of our sales generated online today, were meeting the changing needs of business customers and taking aggressive action to reduce costs and improve efficiency, said Ron Sargent, Staples chairman and chief executive officer in a news release.
Because San Luis Obispo already has two Staples (the one on Madonna Road and another at 2950 Broad St.), it made sense to close one of them, said Debi Silva, general manager of the SLO Promenade Staples.
Despite having higher sales, the company is closing the SLO Promenade property because it rents the 20,000-square-foot space, whereas it owns the smaller building in The Brickyard shopping center on Broad Street, Silva said.
All 20 of the SLO Promenade Staples employees will stay within the Staples family, she said, with most transferring to the Broad Street store or, like herself, the Atascadero Staples, located at 815 El Camino Real.
The stores final day will be June 28.