Barnes & Noble Plans to Close 20 Stores Per Year

Since 2003, the bookstore has closed an average of 15 stores annually.

By Chi-an Chang

Barnes & Noble Inc. plans to close 30 percent of its stores, or about 20 stores a year, over the next decade, a top executive with the bookstore told the Wall Street Journal. 

Mitchell Klipper, chief executive of Barnes & Noble’s retail group, did not provide a list of retail stores that would be closed so there’s no word yet on the future of the Barnes & Noble in downtown Naperville. 

The company is by far the nation’s largest book retailer chain, since the closing of Borders in 2011, and currently has 689 retail stores and 674 college stores, Huffington Post reported. 

What do you think of Barnes & Noble closing stores nationwide? 

Dick January 30, 2013 at 05:05 PM
And Libraries will become obsolete soon, too. http://www.forbes.com/sites/quora/2012/10/02/will-public-libraries-become-extinct/
Maria January 30, 2013 at 05:22 PM
Library tax levies go up, up, up ... but book stores see less and less demand. Did you know that public libraries spend less than 10% of our taxes on books and materials and nearly all the tax money goes toward salaries/pensions for employees and to pay for a building? Now libraries are all adding "marketing" positions to drum up visits. What a waste of money. You don't see Medicare and Social Security hiring "marketing" positions to encourage more people to use their benefits, do you?
Bill January 30, 2013 at 08:49 PM
2012 Property Taxes Lisle Library = $4,328,314 Lisle Library Materials Assets - 2012 = $1,738,720 - 2011 = $1,711,350 This amounts to an increase in the value of library materials of only $27K.... 0.63% of the annual property tax collected. Ref: http://www.lislelibrary.org/Lisle%20Library%202012%20Final%20Audit.pdf
Deborah Donna January 31, 2013 at 02:25 AM
I could purchase 60 e-books a year for what I pay in property taxes to Lisle's library.


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