Amazon plans to open its first New York City bookstore in Manhattan’s Time Warner Center, the online retailing giant said late Wednesday . The 4,000-square-foot location is scheduled to swing opens its doors in the spring inside a sprawling complex that also houses several upscale restaurants and a Coach store.
Category: Barnes & Noble
Despite gloom at big chains, retail industry has a solid holiday season
In recent weeks, gloomy news has abounded about how the retail industry held up during the crucial holiday season: Macy’s saw its sales sink 2.7 percent and announced it will slash 10,000 jobs . Chains such as Kohl’s, J.C. Penney, Sears and Barnes & Noble also reported sales declines.
Barnes & Noble’s Recasting Won’t Change Its Downward Trend
Barnes & Noble , the nation’s largest bricks-and-mortar retail bookseller, is striving to recast itself into a digital media, content and educational product leader with a little alcohol on the side. Although the company has 638 physical bookstores in 50 states, it is emphasizing its e-commerce site, BN.com, as well as its Nook digital tablets and e-readers.
Amazon’s bookstores are pulling straight from the playbook…
Amazon, which famously triggered the fall of big bookstore chains like Borders and Barnes & Noble, is now building its own network of physical bookstores. Since opening its first bookstore in Seattle in November 2015, Amazon has now expanded to two more locations in Portland and San Diego.