The Wall Street Journal reports that Barnes & Noble is planning to close 30% of their stores over the next decade. A closure rate of 20-stores-per-year is planned. About, 400 to 500 of the B&N stores are expected survive the purge.
The Journal notes, as recently as the 1990s, B&N was known as a carnivorous competitor with the power to wipe out independent bookstores with its steeply discounted product and sprawling aisles, where customers could sip coffee and read in plush chairs. Over the past 15 years, rapid technological change has transformed the company from a dominant retailing force that left smaller booksellers quaking in fear to a struggling giant grasping for a plan to ensure its long-term relevance to the publishing industry.
Until 2009, B&N was opening at least 30 locations annually. But the shift to digital has reduced the demand for bricks-and-mortar outlets. The demise of Borders boosted the literary chain in 2011, but seasonal sales this year were down almost 11% at bookstores and online. Even eBooks are struggling, with Nook holiday sales down from a year before.
Metaphorically, elevators don’t stop on the 13th floor; book shops hate Chapter 11!
My pal, Horror genre expert Scott Essman, has an exciting announcement for fans of classic films in the Southern California area:
My long planned KING KONG 80th Anniversary Screening and Event has a confirmed date — SUNDAY MARCH 24, 2013 at the beautiful Pomona Fox Theater.
This sounds like a scared-out-of-your-seat hoot!
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Our Indiegogo funding campaign for our FORGOTTEN HOLLYWOOD Documentary Pilot (Development Phase) is off to a brisk start. Please help us produce a program that has the potential to help folks understand the nature of polio, arthritis, and hearing and sight disabilities.
If every reader of my blogs consider donating just $25, we'll exceed our monetary goals. For complete information on the project… click on Indiegogo link (thanks in advance for your interest and potential support):
Forgotten Hollywood Forgotten History and Son of Forgotten Hollywood Forgotten History shares America's story through the eyes of actors from Hollywood's Golden Age. These poignant tales are available on Amazon... a thoughtful 2013 gift for family or friend.
Forgotten Hollywood Forgotten History is also an eBook on Kindle, Nook, Sony eReader, and Apple...
Visit www.forgottenhollywood.com and scroll down to find convenient purchase links on the Navigation Bar.
Causes Manny Pacheco Supports