Full news story on Barnes and Noble to close one-third of stores over next 10 years.
Barnes and Noble to close one-third of stores over next 10 years
Jan 28 2013
Barnes & Noble has announced that it will likely close about a third of its 689 retail stores over the next decade. According to Mitchell Klipper, CEO of B&N's retail group, the slimmed down chain represents "a good business model," as currently only about 20 stores operate as a loss. The closures will not impact the 674 college stores that B&N operates as these are run separately from the retail division.
U.S. ebook sales up in 2012, but rate of growth is slowing(May 16 2013) In 2012, trade book sales (i.e. non academic book sales) rose 6.9%, to $15.049 billion, and e-book sales continued to grow, although the rate of growth...