Less than two years after losing Borders, local bookworms could be forced to bid farewell to another Hall Road giant with the possible closure of Barnes & Noble.
Facing tough online competition, Mitchell Klipper, CEO of Barnes & Noble’s retail group, told the Wall Street Journal Monday that the company plans to close at least 20 stores a year over the next 10 years.
Since the closing of the Dearborn Borders store in 2011, Barnes & Noble in Allen Park is the area's only major bookstore. Additionally, B&N operates a college bookstore at the University of Michigan-Dearborn.
The chain currently operates 689 stores nationally, as well as 684 college bookstroes.
The fate of the Dearborn and Allen Park stores remains unknown as the company has not released a list of stores slated to close.
In the past decade, the company has closed around 15 stores annually. But up until 2012, Barnes & Noble also opened more than 30 stores a year, according to The Huffington Post.
Last year, the bookseller closed 14 stores without opening any new locations.
One reason is thought to be a steady decline in book sales. Print book sales have decreased 22 percent over the past five years, according to Nielsen BookScan.