Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped,” a special commemorative book from The Boston Globe.

Celtics Live

46

41

2nd Quarter 3:16

Staples quarterly profit plunges 72 percent

Framingham-based Staples is the top office supply retailer. Smaller rivals Office Depot and OfficeMax plan to merge.

Associated Press/File 2011

Framingham-based Staples is the top office supply retailer. Smaller rivals Office Depot and OfficeMax plan to merge.

Continue reading below

Costs related to Staples Inc.’s turnaround plan helped drive down quarterly net income by 72 percent to $78.1 million, or 12 cents per share. The plan includes investing more in online and mobile efforts and adding products beyond office supplies. Staples lost $210.7 million, or 31 cents per share, for the full year. It anticipates 2013 earnings between $1.30 and $1.35. Analysts expect $1.44. Staples also said it is increasing its quarterly dividend to 12 cents per share from 11 cents.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com