Recognizing competition from digital competitors Amazon and Apple, bookseller Barnes & Noble has announced it will close 1/3 of its stores at a rate of 20 stores a year for the next decade. This hardly comes as a surprise as tablets and e-readers like the Apple iPad and Amazon’s Kindle Fire become increasingly ubiquitous, and digital continues to encroach on print markets. The strategy is expected to increase demand for Barnes & Noble’s Nook e-readers, which saw shrinking sales last quarter.
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