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Staples expects flat international sales in Q3


US based office supplies, furniture and technology retailer Staples expects third quarter international sales to be flat in local currency, compared to the same period last year.

The company predicts that sales for the three months ending October 30th will have decreased around five per cent in US dollars.

Comparable store sales in the retailer’s European retail business, which includes its operations in the UK, are expected to be down approximately two per cent year-on-year.

However, overall group trading for the full year is expected to be up in the low-single digits compared to 2009.

Looking ahead to Staples’ Q3 trading statement, which will be announced on November 18th, Chairman and CEO Ron Sargent said: “We look forward to sharing our plans to drive growth over the next decade.”

The business will also discuss its growth strategies in technology, copy and print, as well as its plans to improve profitability in its international operations.

This comes after John Barton was appointed Executive Vice President of International Development at Staples in August.

His role - a new position created by Staples - will give him responsibility for the company’s high-growth markets in China, India and South America, and will involve developing the firm’s operational best practices worldwide across its retail, contract and catalogue channels.

Published on Tuesday 26 October by Editorial Assistant

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