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 ]
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Pearson has agreed to sell 22% of its stake in Penguin Random House (PRH) to co-shareholder Bertelsmann, valuing the publisher at $3.55bn (£2.76bn). The deal means Bertelsmann will increase its control over the publisher, owning a 75% stake, while Pearson will own the remaining 25%. The deal is... Continue reading at The Bookseller
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Bertelsmann has agreed to buy a 22% stake in Penguin Random House that will generate about $1 billion for Pearson, which will still have a 25% stake in the trade publishing giant. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-11 00:00:00 UTC ]
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Chester Investment Group has acquired a majority shareholding in independent publisher Urbane Publications. Continue reading at The Bookseller
[ The Bookseller | 2017-07-08 00:00:00 UTC ]
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The Association for Christian Retail (CBA) is providing Christian stores with a consumer website that allows online sales and in-store customer pick-up. The Get It Local Today program is scheduled to launch this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-06 00:00:00 UTC ]
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Bonnier Publishing UK's Totally Entwined Group has launched a romance e-store and self-publishing platform called First For Romance. Continue reading at The Bookseller
[ The Bookseller | 2017-06-29 00:00:00 UTC ]
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High Street sales at W H Smith continue to tumble – down 4% like-for-like in the past 15 weeks. However, its Travel arm continues to trade strongly, with sales up 5% like-for-like. Continue reading at The Bookseller
[ The Bookseller | 2017-06-15 00:00:00 UTC ]
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LifeWay Christian Stores, now the largest Christian bookstore chain in the U.S. following the closure of Family Christian Stores, is opening four new locations this month. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-14 00:00:00 UTC ]
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Stores to close in California and Singapore; expanded bookstores coming to Baltimore and Chicago; an Ohio bookstore reopens; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-13 00:00:00 UTC ]
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Anheuser-Busch InBev has quietly moved into the digital publishing business with a series of investments in websites that cover beer culture and the rising craft beer industry. But the slow move by the nation's largest brewer into the editorial business is raising conflict-of-interest questions... Continue reading at Advertising Age
[ Advertising Age | 2017-06-07 00:00:00 UTC ]
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Reports in Russia describe a 60-percent growth in ebook sales last year, and analysts say digital formats may grow at 30 to 50 percent for years to come. The post Russia’s Readers Raise the Digital Stakes Amid Falling Print Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-05-22 00:00:00 UTC ]
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Beguiling Books and Art has moved to more modern digs near the University of Toronto after a blowout clearance sale in January—and it's thriving. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-12 00:00:00 UTC ]
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"Publishers everywhere are looking for answers, but this is an area European publishers are leading." The post ‘The future of their businesses is at stake’: European publishers are exploring alternatives to the duopoly appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-05-04 00:00:00 UTC ]
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The publishing industry has rallied round to help the independent Big Green Bookshop after one of its owners sent out a desperate tweet appealing for customers because they were “seriously skint”. Continue reading at The Bookseller
[ The Bookseller | 2017-04-27 00:00:00 UTC ]
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Boston Red Sox pitcher Matt Barnes has been suspended four games and fined for throwing a fastball past the head of Baltimore star Manny Machado. The commissioner’s office issued the penalty Monday. The Red Sox are off and Barnes is appealing, meaning the reliever can continue to pitch until the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-25 00:00:00 UTC ]
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Star Wars, Harry Potter or indeed the almost century-old comic book legends Batman and Superman may have sprung from a rich creative well, but in a stunning twist all of them have been banished to the box office naughty step. Continue reading at Stuff
[ Stuff | 2017-04-17 00:00:00 UTC ]
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A Northern California Chick-fil-A franchise is waiting for its cows to come home after thieves absconded with three mascot costumes from a storage shed earlier this week. The shop Tuesday posted news on Facebook of the Sunday night theft from a store in the city of Folsom. The post pleaded with... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-14 00:00:00 UTC ]
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Amazon sets date to open Lynnfield, Mass., store; new kids store lands in North Carolina; Delaware LGBTQ store to close; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-13 00:00:00 UTC ]
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Bertelsmann has acquired a stake in Indian ed-tech company Eruditus Executive Education. Continue reading at The Bookseller
[ The Bookseller | 2017-04-04 00:00:00 UTC ]
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Amazon has confirmed that it will open a bricks and mortar location at 7 West 34th Street this summer. The new outlet will be the second New York City store for the company, its 11th nationwide. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-04 00:00:00 UTC ]
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At the Bologna Children’s Book Fair today, BolognaFiere, the organizer of the event as well as 75 other trade shows around the world, announced plans to start a new trade show focused on rights and licensing in New York City in spring 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-04 00:00:00 UTC ]
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