​Staples reportedly looks to spin off 1,500 retail stores to longtime rival Office Depot

Staples Inc. (Nasdaq: SPLS) reportedly is considering a plan to spin off its 1,500 retail stores to longtime rival Office Depot Inc. (Nasdaq: ODP).

Unnamed sources told the New York Post that the Massachusetts-based retailer is looking to get rid of its brick-and-mortar stores and concentrate solely on selling office supplies to mid-size and big corporate clients online.

Sycamore Partners — the private equity firm that agreed to take over Staples for $6.9 billion last month— is in favor of…

​Staples reportedly looks to spin off 1,500 retail stores to longtime rival Office Depot syndicated post

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