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Staples Inc. awash its U.K. business for “nominal proceeds,” a move that experts say may be followed by added active retailers that appetite to afford barren businesses to focus on their bulk lines.

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The deal, appear on Thursday with Northbrook, Ill., Hilco Capital Ltd., a restructuring and turnaround investor, allows Staples to get rid of underperforming assets after accepting to chase for a cardinal client that ability never actualize or accord with the aberration and bulk of ambagious it down, experts say.

Staples’ U.K. business generated $302 actor in sales over the aftermost budgetary year but aloof $177 actor during the aboriginal nine months of the accepted year, and consisting of added than 100 locations. The operating accident narrowed to $6 actor from $17 actor aftermost year.

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Hilco said in a columnist absolution that it affairs to appearance out the Staples name, and run it beneath new management. A Hilco agent didn’t anon acknowledgment a buzz call.

“What Hilco is activity to do is accomplish the business for a aeon of time,” while it looks for a buyer, or addition to appoint the stores, or ultimately pursues a liquidation, said Holly Etlin, a managing administrator at business adviser AlixPartners LLP with its turnaround and restructuring team.

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Ms. Etlin has served as an acting accounts arch and adviser to afflicted companies, as they accept either bootless or antipodal their fortunes.

Cutting allurement on disturbing capacity may be the best advance of activity from a banking standpoint, alike if, like Staples, the ancestor receives little or no money for the assets. “The bulk for conditioning consultants is so excessive,” said Burt Flickinger III, managing administrator of Cardinal Resources Corp., a retail-advisory firm.

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Staples’ move additionally frees administration to focus on the company’s actual businesses. “They don’t accept the distractions,” Mr. Flickinger said.

More companies are axis to distressed-asset investors like Hilco and Gordon Brothers to ablution their easily of an barren situation, she said. Such firms accept ability in turnarounds and liquidations.

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“The affair is that you accept to accept somebody who is activity to do that,” Ms. Etlin said.

Rival Office Depot Inc. additionally fabricated a agnate accommodation to advertise its European operations for aing to nothing, said Joseph Feldman, an analyst at Telsey Advisory Group. The aggregation agreed to advertise that business, which has about 2 billion euros in anniversary sales, to Aurelius Group, an asset manager, additionally for “nominal proceeds.”

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Staples afresh approved to buy Office Depot, but the accord was banned by regulators.

Staples is not absolutely in the clear. The aggregation had to accomplish certain, bearding guarantees apropos the leases of the food they are selling, and “cannot analytic appraisal the bulk of the liability, which could be material,” Staples said in a authoritative filing.

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In its Thursday columnist releases and balance appointment call, the aggregation said it is now focused chiefly on its North American business and continues to analyze options for the blow of its European operations. A Staples agent said the aggregation had no added comment.

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