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FILE - In this May 26, 2009 file photo, a woman walks past a Staples office supply store in Danvers, Mass. Staples on Wednesday, Feb. 4, 2015 announced it is buying Office Depot in a cash-and-stock deal valued at nearly $6 billion. (AP Photo/Lisa Poole, File)

Staples buys Office Depot for $6B to keep pace with change

By Michelle Chapman - Associated Press

FILE - In this May 17, 2011 file photo, a Staples sign is displayed on the front of a Staple store, in Portland, Ore. Staples says it will shutter 225 North American stores, about 10 percent of Staples Inc.'s worldwide total of 2,200, by the end of 2015, and the office-supply retailer has started a plan to save about $500 million annually. (AP Photo/Rick Bowmer, File)

Staples to close 225 stores as sales move online

By TOM MURPHY - Associated Press