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Originally Posted by DMcCunney
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The fundamental problem both face is declining sales. Same store sales are down across the board, and places like those require volume. We're seeing contraction: B&N closed a large outlet elsewhere in Manhattan because of declining sales. The B&N superstore near me still exists, but it's in a relatively lower rent district.
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Dennis
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B&N near Lincoln Center is closing in January due to rising real estate costs for that store. Is there another B&N in Manhattan that has closed? I think that the B&N in Tribeca is relatively new. I came upon it by chance when I was down there two months ago.
Oddly, the B&N that is closing on Bway/W. 66th just shortened their hours two weeks before Christmas. Now they close at 10pm instead of midnight. I don't know how their sales are, but the store is crowded whenever I go into it.
I walked into the Borders at Columbus Circle this evening just because I have a coupon. It was mobbed and in the history section, I couldn't browse because of the people sitting on the floor in the aisles while reading books. The line up front was very long. It's hard to find books I have in mind in that store. It's not well organized nor well stocked.