Staples to close Bristol store on Nov. 2

Published on Tuesday, 9 October 2018 21:02
Written by BRIAN M. JOHNSON

@brianjohnsonBP

BRISTOL - Staples’ store at 871 Farmington Ave. will be closing Nov. 2.

The Bristol outlet of the national office supply chain opened on Nov. 19, 1998, according to Meghan McCarrick, a Staples spokeswoman who confirmed the upcoming closing on Tuesday.

“We continually evaluate our stores’ performance to ensure we’re operating the business in the best way,” said McCarrick. “As customers shift online, we are taking aggressive action to right-size our retail footprint. We are committed to providing a great service and every product business needs, whether it’s in store or through mobile.”

McCarrick said customers at the Bristol area can shop at Staples.com or at the Southington or Waterbury stores.

Justin Malley, executive director of the Bristol Development Authority, said he learned last week of Staples’ plan to vacate the 24,245-square-foot space. He then got into contact with Realtor Carl Zoephel of Colliers International.

“We will immediately begin working with the Realtor and we will do what we can in assisting them with acquiring a new tenant for that space,” said Malley.

“We are very aware that the nature of big-box retail is changing with the times,” added Mayor Ellen Zoppo-Sassu. “We are very sorry to see Staples leave their physical footprint here and we will be working with the building owners and Realtor to find a new use for it.”

Zoephel said that, while “nothing is set in stone” as far as finding a new tenant for the space, there has been interest expressed already.

“It was one of their larger stores,” he said. “In conversations I have had with the management, it has been way too large a space for them for years. But they have been very accommodating.”

According to Zoephel, Staples looks for new locations nowadays to be 12,000 to 14,000 square feet.

“This one was double that size,” he said. “It was just too big.”

Zoephel said that, over the past half-dozen years, Staples has been closing “hundreds of stores” throughout the country.

“It’s, honestly, remarkable that this one remained open as long as it did,” he said.

According to a March CNN article, Staples reported a $548 million loss and a 3 percent drop in sales for the fiscal fourth quarter, which ended in January.

As a result, Staples said at the time that it would be closing 70 stores, which would represent 4.5 percent of its 1,600 remaining locations, this year. Staples closed 48 stores last year and has shut down 350 stores the past five years.

Staples attempted to merge with Office Depot, but that deal was blocked by the Federal Trade Commission.

Brian M. Johnson can be reached at 860-973-1806 or bjohnson@bristolpress.com.



Posted in The Bristol Press, Bristol, General Business on Tuesday, 9 October 2018 21:02. Updated: Tuesday, 9 October 2018 21:05.