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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Noble and Moss to join Orion's group marketing team

The Orion Publishing Group has hired two new people to join its group marketing team: Tom Noble and Katie Moss. Continue reading at The Bookseller

[ The Bookseller | 2017-10-20 00:00:00 UTC ]
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Kew buys stake in Awesome Media

Independent content company Kew Media Group is to acquire a stake in author Jeff Norton’s London-based Awesome Media & Entertainment company. Continue reading at The Bookseller

[ The Bookseller | 2017-10-17 00:00:00 UTC ]
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How Does a Comic Book Store Owner Work?

Over the past six episodes of Working, we’ve been talking with writers and artists about how comics get made. In this episode, which you can listen to via the player above, we’re looking at how they make their way into readers’ hands. Continue reading at Slate

[ Slate | 2017-10-15 00:00:00 UTC ]
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Robert Maxwell plans a paper for all Europe – archive, 13 October 1987

13 October 1987: The Daily Mirror publisher announced that the newspaper would promote European culture, science and industry Robert Maxwell is to publish a new Paris-based English language newspaper, the European Daily, which should be on sale from January 1, 1989. The Daily Mirror publisher... Continue reading at The Guardian

[ The Guardian | 2017-10-13 00:00:00 UTC ]
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After Family Christian, New Stores and Opportunities Arise

Both indie booksellers and chains are filling the gap caused by the closure of over 240 Family Christian Stores earlier this year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-10 00:00:00 UTC ]
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Pearson completes sale of 22% stake in PRH to Bertelsmann

Pearson has completed the sale of a 22% stake in Penguin Random House (PRH) to its co-shareholder Bertelsmann. Continue reading at The Bookseller

[ The Bookseller | 2017-10-06 00:00:00 UTC ]
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New P G Wodehouse 'Pick-Me-Up' series in store

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[ The Bookseller | 2017-09-20 00:00:00 UTC ]
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Austin Barnes could be Dodgers' primary catcher in playoffs

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[ Los Angeles Times | 2017-09-14 00:00:00 UTC ]
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Bookstore News: September 13, 2017

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[ Publishers Weekly | 2017-09-13 00:00:00 UTC ]
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After Irma, Some Florida Stores Reopen

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[ Publishers Weekly | 2017-09-12 00:00:00 UTC ]
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Dodgers backup Austin Barnes could see more time at catcher as playoffs approach

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[ Los Angeles Times | 2017-09-09 00:00:00 UTC ]
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B&N Has a Plan for the Future: More Stores

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[ Publishers Weekly | 2017-09-08 00:00:00 UTC ]
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eBay takes on Amazon with launch of new Entertainment Store

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[ The Bookseller | 2017-09-07 00:00:00 UTC ]
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Xbox’s self-published indies have their own space on the store

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[ Engadget | 2017-08-11 00:00:00 UTC ]
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In an Economic Crunch, South African Readers Turn to Used Book Stores

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[ Publishing Perspectives | 2017-08-07 00:00:00 UTC ]
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Hard to Find book store in Auckland faces closure

A popular bookshop which has served up worlds of imagination to young and old for more than 30 years is facing a crisis. Continue reading at Stuff

[ Stuff | 2017-08-03 00:00:00 UTC ]
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Laurene Powell Jobs Buys Majority Stake in the Atlantic

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[ Advertising Age | 2017-07-28 00:00:00 UTC ]
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Ceconomy buys controlling stake in France's Fnac Darty

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[ The Bookseller | 2017-07-28 00:00:00 UTC ]
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Hudson Booksellers Opens New Concept Store

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[ Publishers Weekly | 2017-07-27 00:00:00 UTC ]
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Pearson sells 22% stake in Penguin Random House

Shares in the publishing firm rise after it says the sale will raise about $1bn (£776m). Continue reading at BBC News

[ BBC News | 2017-07-11 00:00:00 UTC ]
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