Office supply chain Staples swings to loss


Staples Inc , the largest U.S. office supply chain, swung to a quarterly loss, hurt by restructuring charges and lower sales in Europe and Australia.

The company posted a net loss of $596.3 million, or 89 cents per share, for the third quarter, compared with a profit of $326.4 million, or 47 cents per share, a year earlier.

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(Reporting by Ranjita Ganesan in Bangalore; Editing by Don Sebastian)