SFist reports that “Stacey’s finally told its employees today that they will close shop sometime in March. A source in Stacey’s corporate sales tells us: ‘Venerable Stacey’s Books, after celebrating 85 years in business this last fall, announced to staff today that the store will close sometime in late March.'”
The SF Chronicle follows with its own story. “The store’s general manager, Tom Allen, said sales had dropped 50 percent since March 2001. But the final blow was the crumbling economy, which hit hard during
the holidays. Stacey’s sales in the fourth quarter of 2008 plummeted 15
percent from the same period in 2007.”
SFist