Business & Tech

Barnes & Noble NOT Closing In Lakewood. Locations Haven't Been Specified (CORRECTION)

The Huffington Post is reporting the bookstore chain plans to close 20 stores a year and about 200 stores overall.

CORRECTION: An earlier version of this story incorrectly specified the Lakewood Barnes & Noble store as one of the stores that would be closing. The company hasn't specified with stores will close.

Do you still go to the Barnes & Noble bookstore in Lakewood?

Apparently not enough people go to B&Ns nationwide.

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Barnes & Noble Booksellers could be one of hundreds of stores across the country that will be shuttering its doors, part of the bookstore giant's plan to close hundreds of stores over the next decade.

The Huffington Post is reporting that a top store executive told the Wall Street Journal that it would be closing 20 stores a year over the next decade.

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The news follows a trend of bookstore closures across the nation prompted by increasingly popular online and downloadable books. It was a trend that, at least for awhile, Barnes & Noble was trying to buck:

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.

So we ask you, Patch users, what do you think? Would you care if Barnes & Noble in Lakewood closed? Have you shopped there in the last year? Tell us in the comments and check out our Facbeook page for even more discussion.


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