Joan Verdon / NorthJersey.com – Staples and Office Depot have a space problem. They have way too much of it — more than 12 million square feet of unneeded store space.
Staples plans to close 225 stores by the end of 2015 and wants to shrink the size of most of its remaining stores. Office Depot, which recently merged with Office Max, intends to close at least 400 stores by 2016. North Jersey, which became saturated with office supply stores, particularly Staples, in the 1990s and 2000s, now faces an oversupply of vacant office stores.