Report: Barnes & Noble Chairman Seeks To Buy Retail Stores
Leonard Riggio has made a bid to buy the store's retail assets.
Barnes & Noble Inc. Chairman Leonard Riggio is seeking to buy the bookselling giant's retail assets, CNN Money reported. Should the bid be approved, the sale would include the Ellicott City location. According to the report, the bookstores have struggled as the popularity of e-readers increases. Holiday sales at the company's bookstores and websites dropped nearly 11 percent last year, according to the report. Barnes & Noble said it has put together an independent committee to review the proposal and to oversee any negotiations, The LA Times reported. The company in January said it would close some of its retail stores over the next 10 years, though a spokeswoman told the Baltimore Business Journal in November it planned to maintain a “…
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Stephen C. Dapson
8:55 pm on Tuesday, March 5, 2013
Yes, I still shop in bookstores. Many books and magazines I'm interested in are not available electronically. Even though I am handicapped and cannot walk well, I still go into Barnes and Noble in Ellicott City on a regular basis as well as going to stores that sell books and magazines along with their other merchandise. I also have a PhD. and that may account for my habits! more ›