Barnes & Noble exec plans more store closings
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Home appraisal is below sales price — now what?
- Corporate missteps hurt reputations, profits, sometimes in long run
- If you get this letter from the IRS, it’s legitimate
- Increased credit card use reflects confidence, flat wages
- Farmers fund research on gluten-free wheat
- Tourists rush to visit Cuba before American influence felt
- American Eagle Outfitters to add stores in Chile, Peru
- France plane crash victim’s father calls for airlines to focus on pilot welfare
- Heinz merging with Kraft in mega-deal; headquarters to stay in Pittsburgh
- Venting online about job protected
- Komando: Boost cellphone signal when nixing landline