Market Capitalization: $7.4 billion
Total Return Since 3/9/2009: -12%
Poor Staples (SPLS). Office supply stores have been brutalized by the dual pressures of e-commerce and the decline of PC sales — one of the few high-margin devices that Staples has in inventory.
In 2009, Staples recorded total revenues of $24.4 billion. This year, the company is projected to tally $23.2 billion in sales.
No wonder Staples just announced it is closing up to 225 North American stores after another bad earnings report. The only way this stock can manage to get ahead is to slash costs and reduce its real estate footprint as more office sales go online.