Struggling bookstore chain Barnes & Noble plans to close a slew of stores over the next decade, its chief executive told the Wall Street Journal.Read the rest here.
In an interview conducted last week, but published in the WSJ on Monday, Mitchell Klipper said Barnes & Noble would likely have 450 to 500 stores in 10 years, down from 689 retail stores now. The company also runs a separate chain of 674 college stores, according to the WSJ.
Depressing.
2 comments:
I agree - depressing. One near here, that to my eyes usually appeared to have pretty good traffic, is closing in a couple of weeks. I've used Amazon.com almost from its beginning, but versus a real bookstore, it ain't the same.
I last visited a bookstore in Oct 2007, a Barnes and Noble bookstore in Summer 2000. I liked drinking coffee and reading magazines.
John, welcome back.
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