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REPORT: Barnes & Noble closing more bookstores

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Posted at 8:57 AM, Jan 29, 2013
and last updated 2013-01-29 08:57:32-05

(WTVR) - Bookstore chain Barnes and Noble is closing more stores, according to a report in the Wall Street Journal.

The Journal reported Barnes and Noble is expected to close up to 30 percent of its stores over the next 10 years.

A company executive told the Journal the company planned to close about 20 stores a year. Sales are down nearly 11 percent in the past quarter.

Barnes and Noble has seven locations around Central Virginia.