Confirming what we reported in October, Barnes & Noble stores CEO Mitchell Klipper says the only reason the store is leaving Westside Pavilion is the mall's rent hike when the lease came up for renewal. He tells the Jewish Journal, in a piece called Is the Bookstore Dead?: "We don’t like closing stores...If the rent was lower, we wouldn’t be leaving....Are we looking for a place to replace the store at Pico and Westwood? Absolutely. And when we find the right location with the right economics, you’ll see another store open.” He speculates that Urban Home, the new tenant, is paying double what the bookstore paid on its old lease.
Barnes & Noble looking for new Westside location
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