Book World Inc. has announced plans to close all 45 stores with a liquidation sale going on now through January 15, 2018. The company attributed their declining revenue due to e-commerce and digital books.
"With great sadness, we must tell you, today, that our business can no longer go on," said the company on their website. "Having worked so very hard for more than 40 years, you can well understand how devastating this is for us and everyone involved with Book World. We tried to keep Book World afloat, and to be successful, but that was not meant to be. After over 40 years since the opening of our first book store all Book World stores will be closing their doors sometime in early 2018."
Based in Appleton, Wisconsin, Book World operates 45 outlets in the Midwest. According to Publishers Weekly, the company plans to layoff all 300 booksellers in its stores, as well as its 12 employees in the corporate offices.
Back in June, PW ranked Book World as the United Stats' fourth-largest general trade bookstore chain behind Barnes & Noble, Books-A-Million, and Half-Price Books.