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Staples Is Shrinking; RadioShack Is Sinking

A Staples store on Dec. 12, 2012 in Kinston, N.C.
A Staples store on Dec. 12, 2012 in Kinston, N.C.Photograph by Janet S. Carter/The Free Press via AP Photo

Staples is realizing the hard way that the days for a superstore full of packing tape and printer cartridges are vanishing more quickly than most expected.

The retail giant put out a dismal set of results this morning, as customers went elsewhere for both holiday gifts and office supplies. Sales at Staples stores open more than a year slid 7 percent.