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E-reading a closer personal reality than thought? Barnes and Noble to close up to a third of stores over next decade
Published:
1/28/2013 2:03 PM
Last Modified:
1/28/2013 2:03 PM
(AP Photo/Elise Amendola)
Not to get too business-y but news enough for the book lover – the
physical
book lover, that is:
Barnes and Noble
’s Mitchell Klipper tells
The Wall Street Journal
it will be closing about a third of its stores over the next 10 years.
“In 10 years we’ll have 450 to 500 stores,” Klipper, CEO of the store’s retail group, told the paper.
Right now, the chain has 689 locations plus 674 college stores across the country.
The forecast would mean closing around 20 stores per year to “halt its physical expansion entirely,”
The Atlantic
reports.
Klipper said the chain plans on being around for a long time but the “handful” of stores that are struggling will be phased out.
“You have to adjust your overhead, and get smart with smart systems. Is it what it used to be when you were opening 80 stores a year and dropping stores everywhere? Probably not. It's different. But every business evolves,” Klipper told WSJ.
Reports from the recent holiday shopping season show B&N experienced a 10 percent dip in retail sales. Nook sales didn't fare well either.
Doubtful that this is yet another sign the end of printed books is near. In fact, today's news may ultimately be to the benefit of smaller, local booksellers - favorites to those who relish the experience of browsing for books in more intimate settings, and then the cozying up to them if the shop makes room for it. Such places are treasures.
Read more about the Barnes and Noble news
here
.
Reader Comments
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DomoArrigato
(2 weeks ago)
I think I may have been in a Barnes & Nobles store twice in my life...I have been on their website twice this month alone.
Chainsaw
(2 weeks ago)
Rats. I enjoy browsing in book stores.
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Pop
Scene Writer Bravetta Hassell’s
interests run the gamut: words, books, nature, music, art, furniture, writing, food and Snooki … Did she say Snookie?? No, no, not really Snookie, but squeezed in amid the high and medium brow is the real and made up life that entertainment continues to air and create, which makes Bravetta ponder upon, sing with, look incredulously at, laugh out loud about and then return to reality and her other interests. The prospect of dabbling in all of it and exploring what she was hasn’t was enough for the Alexandria, Va., native to pack her bags and go west to Green Country. Bravetta joined the Tulsa World in February 2012 after receiving degrees in journalism from Northwestern and Hampton universities. She’s previously interned at such newspapers as The Washington Post and the Knoxville News Sentinel and has worked in science publishing and education.
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