Ncat bookstore to close, as well as bookstores across U.S.
The U.K.-based Ncat Bookstore will close its doors in October, as the chain plans to close all of its U.C.L.A. stores by 2020.
The Ncat brand is part of the global publishing conglomerate Penguin Group, which is in the process of shutting down more than 600 bookstores worldwide.
Penguin said the closure of Ncat stores was inevitable, noting that the business was losing money and was unable to meet its expectations for the years ahead.
“Ncat was the most trusted brand among publishers, and Ncat was at the heart of the publishing community, as we saw it, for more than 40 years,” the company said in a statement.
According to the U.KS.’s Telegraph newspaper, the Ncat chain of bookstores includes a number of smaller chains, such as the Kinkos in Birmingham, the St. James Books in London and the Rochdale and Harrods in London.
Ncat Bookshop will close at the end of October, and all remaining U.B.C.-based bookstores will be sold by 2020, according to the company.
More than 500 U.U.S.-based retail chains are closing, including Borders, Wal-Mart and Amazon.com.
At least one Ncat store is open in the U, and it’s not just in the West Coast.
U.K. booksellers are also closing, with The New York Times reporting that the chain of U.D. bookstores is closing in England and Scotland as well.
It’s unclear if Ncat is closing U.A., but the chain has a presence in the nation’s capital and elsewhere.
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