BIRMINGHAM, Alabama -- Barnes & Noble Inc., which has seven stores in Alabama including two in metro Birmingham, is planning to shutter up to a third of its stores over the next 10 years, according to a report in the Wall Street Journal. (Subscription required)
In an interview with the Journal, Barnes & Noble CEO Mitchell Klipper said the company will have 450 to 500 stores in a decade, down from 689 at the beginning of this year. The company also operates about 700 college bookstores nationwide, including 17 in Alabama.
Klipper also defended the bricks-and-mortar bookstore model.
"Is it what it used to be when you were opening 80 stores a year and dropping stores everywhere?" he said. "Probably not. It's different. But every business evolves."
Barnes & Noble stock was trading at $13 a share at mid-afternoon, which is about half its 52-week high. The stock trades on the New York Stock Exchange under the symbol "BKS."
What's on Tonight
| 7:00pm | The Amazing Race |
| 9:00pm | The Mentalist |
| 10:00pm | WTVY News 4 at Ten |
| 7:00pm | CSI: Miami |
| 8:00pm | Leverage |
| 9:00pm | Thriller |
| 10:00pm | Alfred Hitchcock Hour |
| 7:00pm | Deep Blue Sea |
| 9:00pm | Seinfeld |
| 9:30pm | Seinfeld |
| 10:00pm | The King of Queens |
| 7:00pm | Sunday Night Football |
Your Opinion
Follow WTVY
WTVY Hometown Classifieds
Wiregrass Photobook
Strange Prism Rainbow
Found brindle color. mix
rainbow over bonifay
Mooning Scarecrow
Double Rainbow
bird tree
Upload your images, or browse our other albums.
- Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Limelight Networks
