A top US Christian bookstore chain has announced that it will be shutting down its operations soon. Family Christian, which has 240 stores in 36 states across America, said it had explored other options to keep the chain afloat, but closing was now the only choice to stop additional losses.
With over 3,000 employees and a stellar record, the announcement is a major moment in the Christian publishing and retail industry. The company had been in trouble for several years and filed for bankruptcy in 2015.
The firm began as Zondervan in the 1930s and changed its name to Family Bookstores in the 1970s.
The company announced that it was 'the largest non-profit Christian retailer selling books, bibles, movies, gifts, church supplies and more'.
In a statement with Christianity Today, the bookstore's President Chuck Bengochea said, 'We had two very difficult years post-bankruptcy... We have prayerfully looked at all possible options, trusting God's plan for our organization... and the difficult decision to liquidate is our only recourse.'
The Family Christian homepage still has job opening listings in its branches, but it now seems there'll be a period of uncertainty for employees and their families. All stores in the chain are slated to be closed in the near future, but it remains to be seen whether parts of the business could be bought or rescued.
Online competition has hit a number of retailers and publishers in the US and UK in recent years, affecting both large and small companies.
