153-year-old bookstore chain confirms more closures in 2026

Core Insights - Several longtime retailers in the U.S. are closing locations in 2026 due to lease expirations, property redevelopments, and changing retail conditions [1] - Barnes & Noble, one of the largest bookstore chains, is balancing closures with an expansion strategy, having confirmed additional closures early in 2026 [2] Company-Specific Developments - Barnes & Noble is closing its Portland location after 24 years of operation due to lease expiration, with the closure date set for May 2, 2026 [3][4] - The nearest Barnes & Noble store after the Portland closure will be approximately 7.5 miles away [4] - The Portland closure is part of a broader redevelopment plan for Lloyd Center, the city's oldest mall, which will be transformed into a mixed-use neighborhood by the end of 2026 [5] Industry Trends - The mall operations will continue during the phased redevelopment to support remaining tenants and community events, indicating a shift towards mixed-use developments in retail spaces [6] - Other Barnes & Noble locations have also closed in 2026 due to lease expirations, including stores in Nanuet, NY; Pembroke Pines, FL; and Waterbury, CT, all closing on January 18, 2026 [7][9]