Office-supplies retailer Staples plans to close another 70 stores this year, the company said Thursday.
Staples made the announcement in its fourth-quarter earnings report, in which it disclosed it lost $548 million in 2016 as sales dropped 3 percent.
The company did not say which locations will be shuttered. Staples has about 75 stores in New Jersey.
Staples closed 48 stores last year and ended 2016 with 1,255 U.S. stores.
In 2014 and 2015, 248 stores went out of business.
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