The Ticker

Layoffs at Staples HQ

Staples Inc. this week laid off an undisclosed number of workers.

The cuts represent less than 1 percent of the struggling office product company's North American and corporate functions, and the majority were leadership positions at its Framingham headquarters, according to a Staples spokesman, who declined to reveal the number of employees affected.

"We have eliminated a number of positions in the United States to ensure that we can continue to invest in our key growth initiatives," spokesman Mark Cautela said. "We will continue to aggressively manage our expenses and evolve our organization to support our reinvention."

Weak back-to-school sales reported

Americans' cautious spending on clothing extended into August, capping a weak back-to-school selling season for retailers.

Several retailers, including clothiers Cato Corp. and L Brands Inc., yesterday posted disappointing revenue during the month, which falls in the middle of the second biggest shopping period of the year.

The results raise questions about whether Americans will spend during the winter holidays in November and December, a time retailers can make up to 40 percent of their revenue for the year.

Jump in state tax revenue for August

Massachusetts is reporting August tax collections that were up 8.5 percent compared with what the state took in during last August.

Revenue Commissioner Amy Pitter said yesterday that preliminary revenue collections for the month totaled $1.54 billion, or $121 million higher than last year.

That's also about $64 million above the monthly benchmark based on the 2014 fiscal year revenue estimate of nearly $22.8 billion.

TODAY

• Labor Department releases employment data for August.
• Economy Ministry releases July industrial production figures for Germany, Europe's biggest economy.
• Federal Statistical Office releases export and import data for July.

THE SHUFFLE

Kathleen Connolly, left, counsel at Murtha Cullina LLP and resident in the firm's Boston office, was appointed co-chairwoman of the Real Estate Legislation & Public Policy Committee of the Boston Bar Association's Real Estate Section. In her new role, Connolly will support the committee and association in monitoring legislative and regulatory changes and precedent-setting court decisions

Ocera Therapeutics, a clinical stage biopharmaceutical company focused on acute and chronic orphan liver diseases, announced that Jeryl L. Hilleman has been appointed chief financial officer. Hilleman has over two decades experience as CFO of both private and public companies.

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