Barnes and Noble not planning on closing Ahwatukee store - Ahwatukee Foothills News: Money

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Barnes and Noble not planning on closing Ahwatukee store

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Posted: Wednesday, February 6, 2013 9:49 am

The Wall Street Journal recently announced Barnes and Nobles plans to close 20 stores a year over the next decade. Company spokesperson, Mary Ellen Keating, said Barnes and Nobles shoppers have no reason to fear in Ahwatukee.

“Barnes & Noble has not adjusted its store closing plan whatsoever,” Keating said in a statement. “The Wall Street Journal article implies that our rate of store closures has changed. We have historically closed approximately 15 stores per year for the past 10 years. Of that number some of the stores are unprofitable while others are relocations to better properties. The numbers reported today by the Wall Street Journal are consistent with analysts’ expectations. It should be noted that in 2012, Barnes & Noble opened two new prototype stores and in 2013 plans to test several other prototypes, as well. Barnes & Noble has great real estate in prime locations and the company’s management is fully committed to the retail concept for the long term.”

Keating also said there are no plans to close the Barnes and Noble store at Ray Road and 48th Street.

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