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Old 01-28-13, 04:23 PM   #51
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Re: Barnes & Noble (likely) to close stores in 2010

http://www.huffingtonpost.com/2013/0...n_2566386.html

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Barnes & Noble Closures: 100s Of Stores To Go According To Top Executive

Posted: 01/28/2013 9:28 am EST | Updated: 01/28/2013 3:06 pm EST

Barnes & Noble's top store executive Mitchell Klipper has told the Wall Street Journal (subscription required) that the company plans the closure of at least 20 stores a year for the next decade.

Since 2003, the company has shut an average of 15 stores a year - but it also opened more than 30 per year, according to the Journal. During the last fiscal year, however, the company closed 14 stores and didn't open any. This year, a prominent Manhattan store has already shut its doors.

Without any new openings, that rate of closure would reduce the total number of Barnes & Noble's stores by a third - it currently has 689 retail stores, and 674 college stores. Their first store opened in New York City in 1917, and since the closing of Borders in 2011, it is by far the nation's largest book retailer chain.

Store revenue over the recent holiday period was down 11% on the previous year, however the company still made $317 million in earnings last year, more than enough, according to Klipper, to offset losses from the Nook ereader section of the company, which spends heavily on advertising and new technology.

Almost exactly a year ago, the WSJ ran an article questioning if the Nook part of the business was to be split off into its own company, though so far this hasn't occurred, and in April 2012, Microsoft invested $300 million in a new Nook subsidiary.

Print book sales nationwide dropped 22% over the past five years according to Nielsen BookScan, as ebooks and other digital devices have become more popular. Where that leaves the retail side of Barnes & Noble's business in the medium term is unclear.

According to the Journal,
Barnes & Noble has 442 leases up for renewal by April 30, 2016, representing substantially more than half of its stores. Mr. Klipper said he expects many will be renewed: "Why close them if they are making money?"
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Old 01-28-13, 05:21 PM   #52
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Re: Barnes & Noble (likely) to close stores in 2010

What happens to the Nook if Barnes & Nobles shits the bed?

Will they be bricked? Will Amazon buy them and fold them into Kindle accounts? Or will Nook be spun off into its own company?
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Old 01-29-13, 08:07 AM   #53
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Re: Barnes & Noble (likely) to close stores in 2010

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Originally Posted by Josh-da-man View Post
What happens to the Nook if Barnes & Nobles shits the bed?

Will they be bricked? Will Amazon buy them and fold them into Kindle accounts? Or will Nook be spun off into its own company?
That already happened. Microsoft put up some cash, so it's unlikely Amazon would be involved with trying to buy them: http://mashable.com/2012/04/30/barnes-noble-microsoft/
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Old 02-20-13, 06:47 PM   #54
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Re: Barnes & Noble (likely) to close stores in 2010

This is really sad to me. It's like we're becoming a third-world country. One of my absolute favorite pastimes is grabbing a cup of coffee and wandering around a bookstore. Five years ago, there were great choices everywhere, now Barnes & Noble is literally the only bookstore standing anywhere around me (and I live L.A. not a little town). The thought of raising my kids in a community with no bookstores is utterly depressing. Clicking around Amazon is not the same thing as discovering things on a shelf that you weren't looking for and holding them in your hands, and sipping your coffee and smiling at a pretty stranger.
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Old 02-20-13, 08:14 PM   #55
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Re: Barnes & Noble (likely) to close stores in 2010

There's no reason for a company to stay in business that overcharges for books and videos compared to all other places.
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Old 02-21-13, 01:22 PM   #56
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Re: Barnes & Noble (likely) to close stores in 2010

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Originally Posted by toddly6666 View Post
There's no reason for a company to stay in business that overcharges for books and videos compared to all other places.
Compared to internet stores that have no physical presence, employ very few people, and largely avoid sales taxes. That's like comparing a restaurant to Costco. The benefit of a bookstore is much more than just the book you take home. It's a place to go to get out of the house that isn't work or a restaurant that requires you to sit, eat, and leave with the party you came with. If it has a cafe in it, it's a place to meet up with people. It's a place to take your kids. It's a place to browse when waiting for your movie time next door, or a long restaurant wait. It makes a neighborhood or a retail area come alive. A city is a pretty desolate place without them.
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Old 02-21-13, 03:35 PM   #57
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Re: Barnes & Noble (likely) to close stores in 2010

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Originally Posted by lamphorn View Post
Compared to internet stores that have no physical presence, employ very few people, and largely avoid sales taxes. That's like comparing a restaurant to Costco. The benefit of a bookstore is much more than just the book you take home. It's a place to go to get out of the house that isn't work or a restaurant that requires you to sit, eat, and leave with the party you came with. If it has a cafe in it, it's a place to meet up with people. It's a place to take your kids. It's a place to browse when waiting for your movie time next door, or a long restaurant wait. It makes a neighborhood or a retail area come alive. A city is a pretty desolate place without them.
Thats all well and good, but that dose not sound like a good business plan. "come read our books for free, look around while your waiting for something else, then go buy it when you get home, and please while you have nothing else to do just loiter we dont mind."
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Old 02-21-13, 05:45 PM   #58
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Re: Barnes & Noble (likely) to close stores in 2010

B&N seems like they have awful leadership. They drove me out of the stores because it is like a library now with people just hanging out there all day reading stuff for free. The rewards club is not good and in no way entices me to go to the store rather than Amazon. I have had nightmare problems with online orders. To top it off they were one of the last to come to the digital book party. Though the Nook seems pretty cool, I would be afraid to buy it and then have B&N go under and be left with the Betamax of e-readers.
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Old 07-08-15, 12:10 PM   #59
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Re: Barnes & Noble (likely) to close stores in 2010

I would probably buy more from B&N.But....
I paid for a membership again almost A year ago to this day.I will not be renewing again after not being A member for 6+ years before this membership.

They are doom to fail sooner or latter.The Criterion sales is the only reason many others and me still buy from them.

Took them almost A year to connect my current email with my account.lol sad but true.
oh and the change of address for coupons never happened.I received two coupon books at my PO
box up in Oregon. 90 day purchase history to short.
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Old 01-14-16, 01:51 PM   #60
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Re: Barnes & Noble (likely) to close stores in 2010

Screw Barnes & Noble. They are way overpriced & don't have that much of a selection of older books. I rarely go to the store anyway, and I hate the fact that they're the only "chain" bookstore in my area. I also have Half Priced Books, but they don't have many newer books.

I strongly preferred Borders - their prices & selection were better, and they typically had sales as well.

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Originally Posted by RonG617 View Post
I have had nightmare problems with online orders.
Good to know - Thanks. I considered ordering something from B & N online, but after reading your post won't do so. I don't need any problems with my shipment.

Last edited by TheDude; 01-14-16 at 01:58 PM.
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Old 01-15-16, 08:57 AM   #61
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Re: Barnes & Noble (likely) to close stores in 2010

I ordered an audio book from them online before Christmas and had no problems.
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Old 07-14-16, 03:48 AM   #62
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Re: Barnes & Noble (likely) to close stores in 2010

Barnes & Noble to unveil new stores selling beer and wine
I'm all for it keeps B&N around longer for their Criterion Collection sales.

http://article.wn.com/view/2016/06/2...r_and_wine_pc/

Quote:
Barnes & Noble is turning to an age-old partnership to help it revive its business: literature and alcohol. The New York bookseller says it is opening four "concept" stores in the next year that will feature restaurants with an expanded menu including beer and wine. The first concept store will open in Eastchester, New York, in October, followed by locations in Edina, Minnesota; Folsom, California, and Loudon, Virginia. The company said Thursday that it had named its chief operating officer, Jaime Carey, to head a newly created restaurant division. Barnes & Noble on Wednesday reported lower total sales and lower sales in established locations in its most recent quarter. Read more on Colorado Springs Gazette ...
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Old 07-14-16, 11:38 AM   #63
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Re: Barnes & Noble (likely) to close stores in 2010

They need to have at least somewhat more competitive pricing, and not put their huge-ass stickers on discs that come with unsealed slipcovers.
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Old 07-14-16, 04:33 PM   #64
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Re: Barnes & Noble (likely) to close stores in 2010

I wonder if Barnes and Noble business has picked up since this thread was originally posted - I feel like I see a lot more people at the stores by me, and the shift to large sections of pop culture stuff seem to have helped a lot.
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