Wall Street Journal reports bookstore chain plans to close about one-third of stores over next 10 years.
Reston's Barnes & Noble is preparing to close its doors at the end of next month. Is this part of a trend for the national bookstore chain? Yes, according to the Wall Street Journal. In a story published Monday, Mitchell Klipper, chief executive of Barnes & Noble's retail group, told the WSJ the company will have 450 to 500 stores in 10 years, down from 689 as of Jan. 23. It also currently has a separate chain of 674 college stores. Read a synoposis of the subscriber-only story from CNET here. Barnes & Noble announced in December it would close the Reston location, where it was anchored the Spectrum for more than 15 years. The store and its landlord, Lerner Enterprises, failed to reach a lease agreement. The Container Store has leased the …
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