Barnes & Noble Closing Multiple Stores in New York
Two Barnes & Noble stores in New York will close come year-end. The stores, located in the Bayside and Forest Hills neighborhoods in Queens, will leave the country’s largest book chain without a presence in the borough, the second largest county in New York, with a population of 2.3 million.
The stores offered everything a traveler could want, from maps to guidebooks to phrasebooks to tools to learn a new language with. The chain had closed another store in Queens, this one in Fresh Meadows, earlier this year.
Barnes & Noble had originally planned to close 20 stores in the current fiscal year but later changed that to 13, following an increase in sales. “Sales trends are turning,” then CEO Mitchell Klipper told the Wall Street Journal in May. “Why close a store that’s profitable?”
Last year, the bookseller closed its store on Fifth Avenue and 18th Street (a store this author spent countless hours in over the years). Once the chain’s flagship, the location had opened its doors in 1932 and was the company’s only retail location when Leonard Riggio purchased the company in 1971. Riggio transformed Barnes and Noble into the world’s largest book store and today it stands as the country’s last remaining national book chain, despite having closed numerous stores.
The retailer is in good company. McDonalds, Radio Shack, Sears, Target, and Office Depot are some of the largest U.S. retail chains that significantly downsized the number of stores in 2015.
(Photo: Accura Media Group)