Staples, the largest office supplies chain in the U.S., said its quarterly earnings rose 32 percent on higher sales.
Deliveries in North America increased by 2 percent to $2.5 billion during the first quarter of 2010, the company said, while store sales increased 6 percent.
International sales also saw robust growth. “Our first-quarter performance was strong across the board,” said CEO Ron Sargent in a statement.
“With sales and profit improvement in all three of our businesses, the year is off to a good start.”
Staples’s positive results are due to a recovery in the economy, especially in the corporate sector, where Staples is a major supplier of office supplies.
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