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The bookstore chain will close 35 locations in California, 17 of them in Southern California. All told, more than 200 stores are being shuttered, according to the Chapter 11 filing. It's a stunning list, with many of the stores located in urban centers where you would think that a bookstore could survive. One address that jumps out is Century City. All this means thousands of lost jobs. Here's the full list.
Here's the local rundown:
Long Beach
2110 BeSlflower Blvd
Glendale
100 S Brand Blvd
Los Angeles
10250 Santa Monica Blvd.
Cerritos
12741 Towne Center Drive
Mira Loma
12423 Limonite Ave.
Pasadena
475 S. Lake Avenue
Orange
20 City Boulevard, W.
Valencia
24445 Town Center Dr.
Sherman Oaks
14651 Ventura Blvd.
Los Angeles
6081 Center Dr, Suite 118
Yorba Linda
22401 Old Canal Rd
Tustln
2493 Park Ave
Oxnard
241W. Esplanade Drive
Rolling Hills Estates
550 Deep Valley Drive, Suite 261
La Habra
1310 S. Beach Blvd.
Pico Rivera
8852 Washington Blvd.
Long Beach
101 South Pine Avenue
This obviously leaves an opening for Barnes & Noble, though some analysts say that the chain will only see modest benefits. What's happening to the brick-and-mortar bookstore business is nothing short of decimation. From the WSJ:
Online shopping, and the advent of e-readers, with their promise of any book, any time, anywhere, and cheaper pricing, have shoppers abandoning Borders and Barnes & Nobles bookstores as they did music stores a decade ago. "I think that there will be a 50% reduction in bricks-and-mortar shelf space for books within five years, and 90% within 10 years," says Mike Shatzkin, chief executive of Idea Logical Co., a New York consulting firm. "Book stores are going away."
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.