Monday, January 28, 2013

Barnes & Noble expects to close about a third of its stores

Struggling bookstore chain Barnes & Noble plans to close a slew of stores over the next decade, its chief executive told the Wall Street Journal.

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.
Read the rest here.



Phil said...

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 almost from its beginning, but versus a real bookstore, it ain't the same.

Visibilium said...

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.