Barnes & Noble announced they're going to be shutting unprofitable stores. Will the only bookstore close to Woodbridge be on that list?
In the age of Amazon and ebooks, it was bound to happen. Barnes & Noble's chief executive told the Wall Street Journal that the company will be closing at least 20 stores a year over the next ten years. Until the last fiscal year, the company has been opening an average of 15 stores a year. Now they appear to be closing at least as many, according to a Huffington Post report. Since that WSJ story appeared, Barnes and Noble has been trying to explain what they really meant. The bookseller "is fully committed to the retail concept for the long term,” retail store CEO Mitchell Klipper was quoted in Publishers Weekly. A B&N spokesman told Clark Patch that the Clark Barnes & Noble store - an important store in that township - reassured book …
Sears in Woodbridge and KMart in Avenel may be among the stores to be shuttered in the wake of disappointing holiday sales.
The day after the third busiest shopping day of the year, Sears announced it would be closing between 100 and 120 Sears and KMart stores nationwide to prop up its bottom line. Sears Holding Company announced that because of the company's disappointing financial performance in 2011 and lackluster Christmas season sales, it would be "implement a series of actions to reduce on-going expenses," which include the store closings. The company did not say how many jobs would be affected, or which stores would be closed. A list of closed stores will be posted on the Sears website, the store said in a statement. "We expect these store closures to generate $140 to $170 million of cash as the net inventory in these stores is sold and we expect to …
40.554096
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Sears
150 Woodbridge Ctr, Woodbridge, NJ
/articles/sears-to-close-underperforming-stores-is-woodbridge-on-the-list
1667652
/locations/6075642
40.590595
-74.290592
Kmart
1550 Saint Georges Ave, Avenel, NJ
/articles/sears-to-close-underperforming-stores-is-woodbridge-on-the-list
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/locations/6075643
Deborah Bell
8:00 am on Friday, February 22, 2013
Allison, you said that SO well! I couldn't add a thing! more ›