TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Barnes & Noble exec plans more store closings

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

BKS $13.02 -$0.15

at close on MONDAY

By The Associated Press
Tuesday, Jan. 29, 2013, 12:01 a.m.
 

Barnes & Noble plans to continue to shrink its store base.

The head of Barnes & Noble's retail group, Mitchel Klipper, said in The Wall Street Journal that the company will have 450 to 500 stores in a decade. That's down from about 689.

Klipper said the chain plans to close about 20 stores a year over the period.

The largest traditional bookstore has been facing tough competition from online retailers and discounters that sell books and has been focusing on its Nook tablet, e-book reader and e-book business for growth.

Although Barnes & Noble has for the most part stopped opening new stores in the past several years, Keating said New York-based Barnes & Noble opened two new prototype stores in 2012 and plans to test other prototypes in 2013.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Company seeks to reopen coal mine in Nottingham, Washington County
  2. Florida roommates find a career in playing video games on web channel Twitch
  3. Stock forecast for 2015: milder gains, more bumps
  4. Buyer’s remorse: Most mergers don’t work out for acquiring company
  5. Holiday shoppers expected to spend conservatively
  6. Amusement parks fight off home entertainment threat
  7. Westinghouse to construct colossal nuke plant in Turkey
  8. 5 apps to get the best prices this holiday season
  9. Retailers that won’t open on Thanksgiving hope move pays off
  10. State officials prompt UPMC, Highmark to go to mediation to resolve Medicare dispute
  11. Federal agency checking whether Highmark has enough doctors in Medicare plan
Subscribe today! Click here for our subscription offers.