Private equity firm Sycamore Partners has agreed to purchase office supply retail chain Staples for $6.9 billion. Staples is another retailer that has been impacted by the growing success of Amazon and other online shopping services. Amazon, for example, has become a major competitor for corporate customers, while Staples’ overall sales have declined 6.1 percent over the past five years, according to ABC News. In 2015, Staples attempted to merge with Office Depot in an effort to stay competitive online, but last year the deal was blocked by a federal judge in response to a lawsuit initiated by the Federal Trade Commission. Continue reading Sycamore Partners to Acquire Retailer Staples for $6.9 Billion

Google Express has added three new cities: Chicago, Boston, and Washington, D.C. This means that seven million people can now use same-day delivery across all of the cities involved. Meanwhile, 12 million people can access next-day service in Northern California. In addition, Google has added 16 new merchants over the past few months. Shoppers that become Google Express members can now receive free same-day or overnight delivery on orders over $15. Continue reading Google Express Includes More Merchants During Expansion