Barnes & Noble announced today that they will shutter the Upper West Side branch–a four-story, 15-year-old bookstore.
Crain’s NY reported: “In an epic case of what goes around comes around, Barnes & Noble will follow in the footsteps of many an independent bookstore and close its four-story superstore on West 66th Street, opposite Lincoln Center. The Lincoln Triangle Store, which has an extensive music selection and a cafe in addition to books, will shut its doors at the end of January, the New York based bookseller announced Monday.”
The New York Times included a statement from the bookseller: “We want our loyal customers and booksellers to know that we are ever committed to continuing our search for a new location on the Upper West Side.”
Last week the company recorded a “consolidated net loss” of $63 million for the last quarter. $9.5 million of that came from the bookseller’s expensive, but ultimately victorious, court battle against Ron Burkle’s investment company.