Cody’s Books on Stockton Street in San Francisco will be closing on April 20, reports the San Francisco Chronicle.
The 22,000-square-foot store on Stockton Street, between Union Square and Market Street, will close on April 20. It will send 20 percent of its inventory to the last remaining Cody’s location, on Fourth Street in Berkeley.
Cody’s President Andrew Ross, who mortgaged his house to open the San Francisco store, said it has been losing $70,000 a month.
When Cody’s Telegraph location announced its impending closure last spring, Ross asserted than the San Francisco store was doing quite well, and on pace to be profitable. Obviously and sadly, that didn’t happen.