Quote:
Originally Posted by Fbone
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.
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The Pasadena store was also a sinkhole, according to reports. Though they claimed it is closing because they couldn't come to terms on the lease.
2016 should be interesting for the storefronts but for Nook it looks like '14 is the make or break--they really don't have much further to fall.