Staples Inc. (Nasdaq: SPLS) reportedly is considering a plan to spin off its 1,500 retail stores to longtime rival Office Depot Inc. (Nasdaq: ODP).

Unnamed sources told the New York Post that the Massachusetts-based retailer is looking to get rid of its brick-and-mortar stores and concentrate solely on selling office supplies to mid-size and big corporate clients online.

Sycamore Partners — the private equity firm that agreed to take over Staples for $6.9 billion last month— is in favor of…

Source: https://www.bizjournals.com/houston/news/2017/07/31/staples-reportedly-looks-to-spin-off-1-500-retail.html?ana=RSS%26s=article_search