The Owners of the Long Beach shop have agreed to sell the property to a redevelopment agency and don’t know if they’ll relocate.
“It’s been a family business since 1934,” said 68-year-old Jacqueline Smith, who owns the store with her husband, Phil. “It’s been my life and my dream, but it’s reality,” she said.
Employees at the store have been selling off remaining inventory for months. Generally, they keep about 1 million books in stock, but that number is now closer to 700,000, and many employees do not expect the store to reopen.
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