Office Supply Retailer Staples Will Shrink Stores By 15%. The Culprit: iPads And Smartphones.

Staples - The Office Superstore

“The No. 1 reason for softness in this [office supply] business is the iPad…look at how much less we print today.”

Gary Balter, retail analyst at Credit Suisse (from WSJ)

This is good news. Thanks to technology like the Apple iPad, people are moving away from paper related products (filing cabinets, printers, binders etc.) and are pressuring the big office supply retailers, like Staples, to shrink their stores and pare down their product offerings. Moving to the cloud is also aiding this transition.

We think it’s great that Staples is Jubblingly reacting to changes in the marketplace by reducing their paper related product offerings and shrinking their stores. Our guess is that none of these positive changes would’ve happened at Staples had they kept that paper-pushing Dwight Schrute on staff. Just sayin. [The New Republic]