Barnes & Noble will shut down up to a third of its locations over the next decade, the LA Times reported Monday. The closures were prompted by a change in reading habits and the evolution of the digital era.
The book retailer's plan, is to shrink from their current 689 physical stores to somewhere between 450 to 500 stores in the next 10 years, according to Mitchell Klipper, chief executive of Barnes & Noble's retail group. The company expects to close 20 stores per year on average.