A MAJOR bookstore retailer has revealed that it’s opening 30 new shops this year.

Barnes & Noble seems to be making a revival at a time when large chains have announced a raft of store closures.


A major bookseller is set to open dozens of new stores this year[/caption]

Retail commentators feared an apocalyptic scenario could hit the sector during the pandemic as iconic department stores that had existed for more than a century went to the wall.

But, Barnes & Noble is set to open two new stores in Boston at sites that were once home to Amazon Books, according to the Wall Street Journal.

The company’s CEO James Daunt told the outlet: “We’ve now got both the profitability and the confidence to start opening up stores again.”

He revealed that the company will continue to open both large bookstores but said decisions will be made based on what’s “available and affordable.”

And, Daunt wants to improve customers’ experiences, turning stores into places where shoppers will “linger.”

He said: “It creates a completely different browsing experience.”

Barnes & Noble closed around 20 net stores during the Covid pandemic.

The company was founded in 1971 and has around 600 outlets across the country.

Retail expert Brandon Svec revealed that the expansion of big-box retail peaked just before the 2008 financial crisis.

But, the sector was affected by the crisis and Covid.

Iconic chains such as Lord & Taylor – once America’s oldest department store – and Stein Mart were among those that went to the wall.

Experts also told The Week that the shrinking middle class and the rise of online shopping were among the factors that affected department stores.

Chris Kuiper, of CFRA Research, said: “People don’t want to wade through a four-story megastore to find a couple of items.”

Major retailers such as Macy’s and Bed, Bath and Beyond are among chains that have announced a series of store closures.

Macy’s first revealed plans to close 125 stores over three years before the pandemic hit.

At least four Macy’s stores are set to close this year, according to Axios.

Its outlet at the Baldwin Hills Crenshaw Plaza shopping mall is set to close at the end of this month, according to KABC.

But, the company’s CEO Jeff Gennette told the National Retail Federation’s Big Show event that Macy’s is in the “final stretch” of its store closures.

Execs at Bed Bath and Beyond revealed last September that 150 stores were expected to close.

Axios has reported that 30 states across America would see at least one Bed Bath & Beyond store close.

Earlier this month,  Forma Brands, the company behind the beauty chain Morphe, filed for bankruptcy protection, the Wall Street Journal reported.

It came just days after the retailer dramatically announced that it would close the last of its 18 stores in the country.

The U.S. Sun reported how two Piggly Wiggly grocery stores will be closing their doors for good.

One outlet in Lexington, South Carolina will shut on February 5, while another in Milwaukee, Wisconsin is set to close on March 18.

This week, an Old Navy store in Chicago closed its doors after 10 years of business.


There are around 600 Barnes & Noble bookstores across the country[/caption]

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