Barnes and Noble is reported to have implemented a large
layoff of retail employees on Monday. February 12, 2018, after weaker than
expected holiday sales. The slowdown over
Christmas occurred despite the fact that as whole retail holiday sales did well
over the holidays.
Barnes and Noble, the last standing large bookstore chain, has had to compete with Walmart and Amazon,
which is preparing to open its own physical stores. Amazon is looking for other headquarters,
which could be built in the DC area, while its Seattle presence may shrink.
CNBC has a typical story
Barnes and Noble is a public company. At one time it owned some interest in some
self-publishing companies. But it could sell itself to a media company or take
itself private.
The drop in sales has come at a time when interest in
independent bookstores seems to increase, and where literacy drives and used
book stores in small towns seem to do well.
A Barnes and Noble in Bethesda near the Landmark Theater has closed.
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