Fate of Barnes & Nobles' 13 NYC stores at stake

There will be a lot fewer old-fashioned books in the Big Apple over the next decade. Barnes & Noble announced Monday morning that it is planning to prune between 189 and 239 stores by 2023, from its current total of 689. Local real estate brokers speculate that some of those locations will be in New York City.According to a Barnes & Noble spokeswoman, however, the sellstore has not changed its rate of store closures. She notes that the chain has historically closed about 15 stores per year over the last 10 years."Barnes & Noble has great real estate in prime locations and the company's management is fully committed to the retail concept for the long term," she said, though she declined to comment specifically on the future of the company's Big Apple fleet.The ongoing cutbacks come as the giant Manhattan-based bookseller, continues to face stiff competition from everyone from Wal-Mart Stores Inc. to ebooks. The chain boasts 13 locations in the city, including a half dozen large outposts in Manhattan. While Barnes & Noble's Union Square lease, for around 62,000 square feet, does not come due until 2036, according to CoStar Group Inc., other outposts have earlier deadlines. The lease on the company's 34,000-square-foot store at 555 Fifth Ave., for example, is up in two years, according to CoStar."We reach out to landlords quite often to inquire as to whether the space occupied by Barnes & Noble might be available," said Robin Abrams, executive vice... Continue reading at 'Crains New York'

[ Crains New York | 2013-01-29 00:00:00 UTC ]
News tagged with: #long term #comment specifically #000-square-foot store

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Tattered Cover Book Store Files for Bankruptcy

One of the country's best known independent bookstores plans to use the bankruptcy process to become a smaller, modern, financially sustainable business. It is in the process of closing three of its seven locations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-17 04:00:00 UTC ]
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The Week in Libraries: October 13, 2023

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How Bookshop.org has made itself a hub for indie stores and book lovers alike

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How to Open a Comic Book Store

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What fate awaits Rupert Murdoch favourites in the new Lachlan era?

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Private Equity Took Over a Publishing House, and They’re Giving Workers a Stake. What?

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‘I didn’t think it was possible to be a novelist’: Julian Barnes on literature, loss – and his late friend Martin Amis

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Religion Book Deals: Sept. 13, 2023

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More Like Miyazaki: 13 Mesmerizing Manga and Graphic Novels for Fans of Hayao Miyazaki

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The Most Unique Comic Book Stores Across the USA

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Stakes Are High as Judge Hears Motion to Block Texas Book Rating Law

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Lit Hub Daily: June 13, 2023

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Independent bookselling expanded again in 2022, with new and diverse stores opening nationwide

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Independent bookselling expanded again in 2022, with new and diverse stores opening nationwide

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