Big box bookstores such as Barnes & Noble were once considered a major threat to the health of the book-selling industry, offering discounts, massive selections and lattes that independent bookstores could not. Now things have changed: Barnes & Noble is the last national bookstore chain standing, and it’s getting smaller … and smaller … and smaller.
In 2008, Barnes & Noble had 726 stores. It currently has 689 stores and in 10 years, it plans to have just 450 to 500.
Something else that I’m taken aback by. Not that it’s happening but that someone thinks this is news.
If there is news here, it’s that B&N expects to have 450 to 500 stores in 10 years. That’s chutzpah. (Chutzpah, in this case, being Yiddish for deluded.)