Framingham, Mass.

Staples Inc., the parent company of Staples Advantage and Staples Promotional Products, located in Framingham, Mass., on Dec. 17 announced that Michael A. Miles Jr., president and chief operating officer, is resigning from the company, effective Feb. 2, 2013.

Net income for Staples Inc. took a significant hit in the second quarter of 2012. The parent company to Staples Advantage reported last week that earnings fell 31.8 percent for the period ended July 28, 2012, a result of a slowdown in U.S. retail sales and difficulties in international markets.

Staples Advantage, the business-to-business division of Staples Inc., announced the launch of Staples Technology Solutions Managed Print Services, a comprehensive solution that will help businesses control their print network, achieve up to 15 and 30 percent cost savings and improve IT staff productivity.