Business News: Barnes & Noble, Chinese Gaming

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Barnes & Noble plans to close up to a third of its stores over the next decade, according a report in The Wall Street Journal. And in China, the state-run China Daily reports the country is considering lifting its ban on video game consoles.


NPR's business news starts with bookstores closing shop.

The Wall Street Journal reports that Barnes & Noble plans to close as many as a third of its stores over the next decade. Right now, the company operates almost 700 of its big box stores. Chief executive Mitchell Klipper told The Wall Street Journal he expects that number to drop as low as 450. The company insists this isn't a retreat, just realistic planning - noting that most of its bookstores remain profitable. But that the bigger trend in sales is into bookstores but online.


Moving on to China, where Nintendo and Sony stock have received a boost. The state-run China Daily newspaper reports the country is considering lifting its ban on video game consoles. The paper cited an unnamed source in the country's Ministry of Culture. China banned video game consoles in the year 2000, fearing they would cause developmental damage in young people. Gaming is still popular in China, but most of it is done online or on mobile devices.

Copyright © 2013 NPR. All rights reserved. Visit our website terms of use and permissions pages at for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from