Staples Shut


Office supply giant Staples is having to tighten its belt. Citing a disappointing back to school season, credit card data breach issues, and a faltering industry, Staples aims to close 215 stores by the end of 2015. The truth of the matter is that office supply stores no longer need to occupy the big box spaces their currently positioned in. With electronics getting smaller and smaller, these retailers find themselves saddled with too much space. Not to mention competition from online retailers such as Amazon and eBay. As bad as hundreds of store closures sounds, Staples is managing to generate a profit. For the quarter ending November 1st, Staples cleared $217 million in profit. This equates to 34¢ per share, beating analyst estimates by 3¢. As Staples and its competitors scramble to remain profitable, one thing is clear: the retail office supply industry is undergoing a massive shift. This shift is towards smaller, more efficient stores producing sales alongside a strong online sales component.

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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