NEW YORK — Barnes & Noble plans to continue to shrink its store base.
The head of Barnes & Noble’s retail group, Mitchel Klipper, said in an interview published Monday in The Wall Street Journal that the company will have 450 to 500 stores in a decade. That’s down from about 689 currently.
Klipper said the chain plans to close about 20 stores a year over the period.
The largest traditional US bookstore has been facing tough competition from online retailers and discounters that sell books. It has been focusing on its Nook tablet, e-book reader, and e-book business for growth.
A spokeswoman for Barnes & Noble said Klipper’s remarks don’t mark any change in its store closing plan.