New York’s largest, the Manhattan boroughs largest digital print retailer, will close its doors in 2018, and its parent company is buying the business, sources told Business Insider.
The purchase price was not disclosed.
The New York Times said it will continue to operate its online store.
“As part of our continued efforts to grow our business and our future business strategy, we are exiting the digital print business in 2018 and we are not closing stores,” the Times said in a statement.
“As part, we intend to retain the ability to sell digital printed books in our New York offices and print services and to sell books in retail locations in the future.”
The company that runs the New York print business, Amazon.com, said it would continue to offer the store, and would “continue to work closely with our competitors to ensure our businesses continue to thrive.”
“The New York office is in the process of closing,” a spokesperson for the company told Business Email.
“Amazon will continue as our largest digital retailer.”
Amazon said it is a digital print shop that sells digital printed book.
It did not disclose the buyer or a date for the purchase.
In addition to the new owner, Amazon also announced that it would buy the online store for $400 million.