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Old 01-28-2013, 04:18 PM   #1 (permalink)
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Default Barnes & Noble plans more store closings

http://online.wsj.com/article/AP8b89...109b27a8a.html

http://www.latimes.com/business/mone...,5751045.story

NEW YORK Barnes & Noble reportedly plans to continue to shrink its store base.

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

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

Barnes & Noble is the largest traditional U.S. bookstore operator. But it has been facing tough competition from online retailers and discounters. It has been focusing on its Nook tablet and e-book business for growth.
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