B&N announced that it plans to close about 10 stores every year for the next ten years. Publisher’s Weekly provides a little more detail on the announcement.
Now, before everyone panics and thinks that bookstores are going to disappear entirely, think. Whenever there’s a gap in the market for something people want, others swoop in to fill it. In this case, small, locally owned bookstores are poised to profit from every closure of the megastore in their area.
This could mark a new Renaissance in reading. Some of my associates are already looking at buildings they can buy and convert into bookstores. I, for one, am glad to see this happening. Readers everywhere will reap the results!