Quote:
Originally Posted by fjtorres
And then there is the ongoing plan to shut down a third of their sites altogether.
Just yesterday B&N announced a closure in Pasadena and another in NY, fifth avenue to be exact. (Word is, their landlords in NYC are constantly fielding questions from other retailers about when their sites will "become available".)
|
The Fifth Ave location was a college book store only. It's located a couple of blocks from their Union Square flagship store. With a lease in the low seven figures it was a financial black hole. Makes sense to close it down. Fifth Ave was the original store opened in 1930s and probably kept open for sentimental reasons.
Most current leases expire in 2016. That should be an interesting year for them.