Thread regarding Barnes & Noble layoffs

"not closing - apparently they were able to reach an agreement with the landlord and they will stay open for atleast another year"

Ah, the old "one year extension" to the lease. This means that the Build-A-Bear franchise wasn't able to ink a deal on the space, so the landlord decided to go with BN's offer. I've seen this happen several times, and at the end of the year, there's always some schmuck who owns the Build-A-Bear franchise who is able to pony up the cash for a five or ten year lease.

This is good for our brother or sister booksellers at this location, because it means they have another twelve months to find a new job. This is also good news for all those poor goofs who are still working at this moribund company–that they're still unlikely to close stores before the leases are up. So, if you're still there, make it a point to find out from your managers how long the lease has to run; that's going to be your sell-by date.

not closing - apparently they were able to reach an agreement with the landlord and they will stay open for atleast another year

Heard my mgr tell the ASM our store Will be closing.
Must be the “rent”, huh ?
Not our horrible Christmas season or our bad sales figures ?

Strip malls are dying. What about stand alone B&N locations?

“excuse to close more stores without having to admit their loyal customers have dumped them.”
AND a lot of their ex loyal employees, their families and their friends ! I saw first hand the regulars we had, stop shopping! Cost is A LOT ! One ex employee’s mom used to drop a couple hundred every week !

“BN is unstable.
Rents always change !
and , they certainly NEVER go down ! BN using the increases as excuses as they close stores !”
You’ll see a lot of “rent increases” Excuses. BN sales are DOWN , not up. They can’t afford more rent. They’ll jump on the increase excuse to close more stores without having to admit their loyal customers have dumped them.

Rents certainly always change. The thing is that sometimes they actually go down, for instance, if a BN is in a strip mall that has a lot of vacancies, the real estate mooks in NYC will beat up the landlords for either a sweeter deal when the lease comes due, or kickbacks on an existing lease. However, larger stores, in primo addresses, almost always end up spending more when the lease ends.

BN appears to be letting larger stores, particularly in downtown locations, die when the lease comes up. If you're still aboard the RMS Barnsey, sawing away on your cello long after the ship has struck the iceberg, and work at one of the big downtown stores, keep and eye out for when the lease ends. If it's coming soon, put on a dress and a wig and get in one of the lifeboats, or you're going to end up like Jack Dawson, freezing to death in the Atlantic.

BN is unstable.
Rents always change !
and , they certainly NEVER go down ! BN using the increases as excuses as they close stores !

Rent/Lease increase.

It's happening to a lot of stores.

This has nothing to do with B&N stability.

Braintree BN has been open for at least 30 years. The sign they had made up for the store wasn't even correct. smh

https://www.boston25news.com/news/local/braintree-barnes-noble-closing-after-26-years-business/CBYJMHFLPVB6VI3NRQVINSOGKU/