Posted 35 days ago
The owner of New York City’s famed Strand bookstore sent out a plea for customers Friday, saying the store’s revenue has plummeted by 70% since the coronavirus pandemic began.
Nancy Bass Wyden, wife of U. S. Sen. Ron Wyden, D-Ore., said loans and cash revenue allowed the bookstore to weather the last eight months but “we are now at a turning point where our business is unsustainable.”
Wyden inherited the business from her father in 2018. It was founded by her grandfather in 1927.
“We’ve survived just about everything for 93 years — the Great Depression, two World Wars, big-box bookstores, e-books and online behemoths," she wrote in the letter posted on Twitter. "Because of the impact of Covid-19, we cannot survive the huge decline in foot-traffic, a near complete loss of tourism... (Read more)
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