Barnes & Noble To Slowly Ditch A Third Of Retail Stores

B&N will cut up to a third of its brick-and-mortar stores, slowly and carefully over 10 years. Bookseller Barnes & Noble has said it expects to shut up to a third of its real-world stores. CEO Mitchell Klipper has confirmed the plans in an interview with the Wall Street Journal. But underlining the considered nature of the closures, Klipper said they would happen slowly over 10 years, reducing the store count by about 20 every year down to about 450 or 500. While that sounds terrible, and will impact retail staff employment, it's a careful and considered reaction to the inevitable decline in in-person buying of goods, thanks to the Net, and of the rise of the ebook at the expense of the printed one. Klipper is confident of his business plan, and has been expanding B&N's digital book business to compensate. British book and newspaper retailer W.H. Smith, now over 220 years old and recently championed for its success, may be a role model.Read Full Story Continue reading at 'Fast Company'

[ Fast Company | 2013-01-28 00:00:00 UTC ]
News tagged with: #sounds terrible #business plan #british book #role model

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July retail growth "modest", amid poor book market

Written By: Philip Jones Publication Date: Tue, 09/08/2011 - 09:43 July retail sales saw a modest improvement, according to figures from the British Retail consortium, though book sales fell to their lowest level for seven years with food continuing to outperform non-food items. read more Continue reading at The Bookseller

[ The Bookseller | 2011-08-09 00:00:00 UTC ]
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Retail Environment Aims to Triple Circ In 3 Months

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[ Folio Magazine | 2011-08-05 00:00:00 UTC ]
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Eason expands with four new franchise stores

Written By: Lisa Campbell Publication Date: Fri, 29/07/2011 - 09:15 Eason is opening four new franchise stores in Ireland as it appeals for more people to become franchisees. The Irish bookseller said it was "keen to encourage individuals and businesses" to explore the Eason franchise model as... Continue reading at The Bookseller

[ The Bookseller | 2011-07-29 00:00:00 UTC ]
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Google Books Bows to New Apple App Store Rules

The Google Books iOS app is now in line with Apple's newly enforced rules that ban links bypassing Apple's own in-app purchase mechanism, which means Apple can retain its 30 percent cut. Continue reading at PC World

[ PC World | 2011-07-26 00:00:00 UTC ]
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F + W Media Acquires The Writers Store

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[ Folio Magazine | 2011-07-20 00:00:00 UTC ]
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Kobo launches ebook store in Germany

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[ The Bookseller | 2011-07-13 00:00:00 UTC ]
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Beware of Spam Titles in Kindle Store

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[ PC World | 2011-06-19 00:00:00 UTC ]
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Angus & Robertson close 42 stores

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[ The Bookseller | 2011-06-16 00:00:00 UTC ]
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Retailers hit out at Christmas pricing

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[ The Bookseller | 2011-06-10 00:00:00 UTC ]
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The end: Borders to close remaining stores

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[ The Sydney Morning Herald | 2011-06-02 00:00:00 UTC ]
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Borders closes remaining Australian stores

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[ The Bookseller | 2011-06-02 00:00:00 UTC ]
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Borders closes remaing Australian stores, 315 job losses

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[ The Bookseller | 2011-06-02 00:00:00 UTC ]
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Book stores will close if no buyers

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[ The Sydney Morning Herald | 2011-05-30 00:00:00 UTC ]
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More store closures loom for Borders, A&R

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[ The Sydney Morning Herald | 2011-05-30 00:00:00 UTC ]
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[ The Bookseller | 2011-05-27 00:00:00 UTC ]
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[ Publishers Weekly | 2011-05-23 00:00:00 UTC ]
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[ PC World | 2011-05-23 00:00:00 UTC ]
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[ The Bookseller | 2011-05-10 00:00:00 UTC ]
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Amazon launches German Kindle store with fixed prices

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[ The Bookseller | 2011-04-21 00:00:00 UTC ]
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Retailers anticipate "busy" bank holiday double

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[ The Bookseller | 2011-04-21 00:00:00 UTC ]
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