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.