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Bookselling: Diesel Malibu to Close, Munro’s Handed to Employees

July 15, 2014
By Michael Cader

Diesel will close its Malibu bookstore sometime this summer, and has marked down inventory. Owner John Evans indicated to the Malibu Times earlier this month, “Their lease runs through January 2015 but Evans said part of the reason they’re closing early is because they won’t be able to afford six more months of payments. Evans also faulted Diesel’s location in the Country Mart for the store’s impending closure. Housed in a first-floor space near a courtyard and fountain on the northern side of the center, Evans said it was often hard to draw in foot traffic.” In Victoria, British Columbia, 84-year-old Jim Munro […]

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Filed Under: Bookstores

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