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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[ Publishers Weekly | 2018-01-10 00:00:00 UTC ]
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Michigan Mini-Chain Schuler Books to Close Lansing Store

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[ Publishers Weekly | 2018-01-09 00:00:00 UTC ]
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With billions at stake, Supreme Court urged to revisit ruling shielding internet purchases from sales tax

The last time the Supreme Court took a hard look at how to impose sales taxes on home shopping, it was the era of mail-order catalogs — “before Amazon was even selling books out of Jeff Bezos’ garage,” lawyers recently told the justices. In 1992, the high court upheld a constitutional rule that... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-01-05 00:00:00 UTC ]
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Amazon planning physical stores in Germany

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[ The Bookseller | 2017-12-22 00:00:00 UTC ]
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Little, Brown Gets More 'Obama' Books into Stores

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[ Publishers Weekly | 2017-12-19 00:00:00 UTC ]
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Religion Book Deals: December 13, 2017

A jewelry designer turned business mogul’s five-book contract with Zondervan; Plough’s English-language bio of ‘Somalia’s Mother Teresa,’ and more. Continue reading at Publishers Weekly

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Major publishers have fallen victim to domain spoofing: can your business avoid the same fate?

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[ Publishers Weekly | 2017-12-05 00:00:00 UTC ]
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Curious George Store to Stay Put in Harvard Square

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[ Publishers Weekly | 2017-12-05 00:00:00 UTC ]
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PW Picks: Books of the Week, November 13, 2017

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This Week's Bestsellers: November 13, 2017

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Book Deals: Week of November 13, 2017

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The “How Does a Comic Book Store Owner Work?” Transcript

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[ Slate | 2017-11-03 00:00:00 UTC ]
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Amazon's rolling out stores after pulling shoppers online (Photos)

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[ Silicon Valley Business Journal | 2017-11-03 00:00:00 UTC ]
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Book World to Close All 45 Stores Across the Midwest

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After Family Christian’s Collapse, New Stores and Opportunities Arise

Nearly a year after the largest Christian retail chain in the U.S. began closing the first of its 240 outlets due to bakruptcy, other booksellers have begun to fill in the gaps left by the retailer’s absence. Continue reading at Publishers Weekly

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Blackwell’s to broaden appeal with new store

Blackwell’s is to open a new 3,000 sq ft store in the new Westgate Shopping Centre in Oxford, with a "completely different" format designed to broaden its customer base.  Continue reading at The Bookseller

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