{"id":640311,"date":"2013-01-28T08:50:30","date_gmt":"2013-01-28T13:50:30","guid":{"rendered":"http:\/\/paidcontent.org\/?p=223788"},"modified":"2013-01-28T08:50:30","modified_gmt":"2013-01-28T13:50:30","slug":"barnes-noble-will-close-up-to-a-third-of-its-stores-over-the-next-decade","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/640311","title":{"rendered":"Barnes & Noble will close up to a third of its stores over the next decade"},"content":{"rendered":"

Barnes & Noble plans to close about twenty retail stores a year over the next ten years, the company’s retail CEO Marshall Klipper told the\u00a0Wall Street Journal<\/em><\/a>. Today, there are 689 Barnes & Noble stores nationwide, plus 674 college stores.<\/p>\n

The WSJ notes that “the chain shut an average of about 15 stores a year in the past decade, but until 2009 it also was opening 30 or more a year,” with a peak of 726 stores in 2008. Klipper may have chosen to talk to the WSJ to show investors that the company has a plan. He said that fewer than 20 of the chain’s retail stores are unprofitable, and “we’re going to be around a long time” because consumers read both print and ebooks (this is a point that the company has been pressing for awhile,\u00a0based on its own research).
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Barnes & Noble is threatened by the shift to online book shopping at Amazon. The company has rolled out a host of Nook e-readers and tablets that face stiff competition in a market dominated by Kindle e-readers and saturated with cheap tablets from Amazon, Google, Apple and others. Barnes & Noble just delivered a terrible holiday earnings report<\/a>, showing Nook, BN.com and retail sales all down, with a particularly large decline in Nook device sales. The company plans to spin off the Nook and college stores<\/a> into a separate unit called Nook Media, with Microsoft and Pearson both holding stakes.<\/p>\n

When Borders, then the nation’s second-largest bookstore chain, went bankrupt and liquidated all its stores in 2011<\/a>, it seemed as if it could be good news for Barnes & Noble, which would have a chance to grab former Borders customers. But it appears that<\/a> former Borders customers largely switched their book buying over to Amazon.<\/p>\n

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Barnes & Noble plans to close about twenty retail stores a year over the next ten years, the company’s retail CEO Marshall Klipper told the\u00a0Wall Street Journal. Today, there are 689 Barnes & Noble stores nationwide, plus 674 college stores. The WSJ notes that “the chain shut an average of about 15 stores a year […]<\/p>\n","protected":false},"author":7418,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-640311","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/640311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7418"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=640311"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/640311\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=640311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=640311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=640311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}