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Monday, January 28, 2013

Barnes & Noble to Close Up to 20 Stores a Year for a Decade

Posted by on Mon, Jan 28, 2013 at 10:28 AM

The Verge says:

Following a rough fourth quarter that saw shrinking Nook sales, Barnes & Noble has revealed that it plans to close up to 20 stores a year over the next decade, The Wall Street Journal reports. The plan would cull up to a third of the bookseller's retail stores, which Barnes & Noble executive Mitchell Klipper says will bring the total down to 450 to 500 stores — the WSJ notes that the chain currently has about 689 retail stores in operation.

B&N responded to the WSJ report by saying that they always close between ten to twenty stores a year, which is perhaps not very comforting, considering they're not opening stores at anywhere near the rate they used to.

 

Comments (7) RSS

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Amalink 7
Barnes and Noble sucks. Everything is overpriced and so damn . . . . hyperallergenic. I wish we could have more giant-ass Powells everywhere.
Actually I have really been behind the move Amazon recently made to connect with my local library. When I look up a book on their website it automatically checks my library for the same book and lets me know if it's available there. I still buy some books and now I spend more time on Amazon looking.
Posted by Amalink on January 28, 2013 at 3:43 PM · Report this
Supreme Ruler Of The Universe 6
Yesterday I was looking up a book called Abundance on Amazon and while searching I kept getting directed to a book with that title but selling for $2.50, which seemed unlikely since it was a new release and hence not ready for bargain pricing.

Then I noticed that the cheaper book was a synopsis of the real book!!

So here is Amazon cannibalizing itself to reach people who will not sit still for a whole book but might pop $3 for a quick scan of the major points...less than a book, more than a blog post!
Posted by Supreme Ruler Of The Universe http://www.you-read-it-here-first.com on January 28, 2013 at 12:19 PM · Report this
Bauhaus I 5
When you buy books, you have to store books somewhere - or you have the chore of re-selling them. I think that's a huge part of what has happened to the book industry...plus the fact that few wanted to spend $30+ on new fiction. But I, for one, used to be an avid book buyer. I had so many books that whenever I had to move (which became about every two years or less), I'd have to box and re-box and unpack time and again tens of boxes. It was like having hundreds of old, heavy, space-hungry LPs. Unless you have a permanent residence (like a house big enough for a library) that you'll be in 10 or 20 years, moving that stuff around just gets old. Very old. And expensive.

That's why I stopped buying books from Borders or B&N or even Amazon. I just don't think we are as static as we were even 20 years ago. We can't be even if we want to be. Job situation changes. Apartments go condo. Relationships end. Only the financially secure - the really financially secure - can afford to settle and have books. So, that cuts down on the size of the market, right? Also, many people thought that B&N over-expanded anyway.
Posted by Bauhaus I on January 28, 2013 at 11:42 AM · Report this
Cato the Younger Younger 4
Too bad. And as to B&N always sucking I call bullshit. The store at University Village used to be pretty good up until about a couple of years before they shut down. They had a good selection of non-fiction and the fiction wasn't bad.

The downtown store has always blown chunks and compared to Borders couldn't hold a candle.

Posted by Cato the Younger Younger on January 28, 2013 at 11:37 AM · Report this
Joe Szilagyi 3
Consumer-level bookstores in 20 years will be as Easy Street, Silver Platters, and Sonic Boom are today to record shops. I'd really love to see a legitimate root cause analysis of what led to this. Oddball mega destination stores like the Strand or Powells will remain because of what they are.

Technical bookstores and textbook stores will hold out longer, but probably only through online delivery.
Posted by Joe Szilagyi on January 28, 2013 at 10:57 AM · Report this
2
As far as stores go, B&N has always sucked.

Poor customer service, poor in most respects, only carry the sanitized type best seller, etc.

They would have closed long ago, if they had any decent competition.

The suck, suck, suck.

Plus, in case you haven't noticed, Paulie, the vast majority of Ameritards don't read.....
Posted by sgt_doom on January 28, 2013 at 10:54 AM · Report this
Matt from Denver 1
If there's still a B&N in 10 years, as far as still operating brick and mortar locations is concerned, it will be an impressive feat.
Posted by Matt from Denver on January 28, 2013 at 10:38 AM · Report this

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