Office Outlet used to be known as Staples and has no connection to the Staples business that trades online. Pic: Office OutletThe stationery retailer, which trades from 90 sites, used to be part of the Staples empire until the physical UK stores business was sold to Hilco Capital in 2016.Office Outlet has suffered a series of financial challenges which resulted in a rescue plan being agreed with creditors last year.
A few loss-making sites were axed and rents were cut at others under the so-called Company Voluntary Arrangement . That took place as the wider high street took a battering from a toxic cocktail of weak consumer spending and rising costs from things like new minimum wage rules and business rates.More from Business
It’s a shame.Used to be Staples and I use them a lot.Was in there today in fact. cc claudelittner Lord_Sugar
Is everything ok there at Sky News? I'm just worried because nobody managed to shoehorn the keyword 'Brexit' into the headline? I thought that was standard practice at Sky for any job loss news?
pm