Barnes & Noble

How Barnes & Noble, the last big bookstore, fell to Amazon

Illustration: Sarah Grillo/Axios

One by one, storied chains in books, toys, sporting goods and more have disappeared from American malls and main streets, then vanished from our collective memory. Now, Barnes & Noble, the last chain bookstore standing, is finally buckling, too.

The big picture: The arc of retail has been bending toward consolidation for decades. Superstores like B&N and Toys "R" Us took us from shopping small to shopping big. Next, we seem to be moving inexorably toward one, powerful, all-knowing, everything store.

Barnes & Noble fires CEO Demos Parneros

Barnes & Noble logo
Photo: Noam Galai/WireImage

Barnes & Noble announced Tuesday that it has terminated its CEO, Demos Parneros, for violating company policies.

The details: In a statement, the bookstore chain didn’t specify what policies Parneros violated, but it pointed out that his termination "is not due to any disagreement with the Company regarding its financial reporting, policies or practices or any potential fraud relating thereto." The company added that it will soon begin its search for a new CEO.