US Christian bookstore chain to close 170 bricks-and-mortar stores
In the US, Christian bookstore chain LifeWay Christian Resources has announced that it will close all 170 of its physical stores by the end of 2019, reports Publishers Weekly.
LifeWay is the second US Christian bookstore chain to close all of its retail outlets, following the closure of all 240 Family Christian Stores outlets in 2017.
In a statement, LifeWay acting president and CEO Brad Waggoner said the chain will close all its bricks-and-mortar stores in order to focus on digital retail, which has experienced growth over the last 10 years while in-store sales have declined. ‘While we had hoped to keep some stores open, current market projections show this is no longer a viable option,’ Waggoner said.
Established in 1891, LifeWay sells Bibles, books, Scripture reference tools, children’s products, Christian music and movies, gifts and church supplies, and in recent years has expanded to include camps and events and digital resources such as online Bible studies.
Category: International news