Seems to be the case:

I was in there not too long ago, picking up tickets for Band Swap. I browsed a bit, coming across a bunch of cool books including an interesting-looking volume of Graham Greene non-fiction. I didn’t buy it because I felt it was bad form to buy something for myself so close to Christmas. I take full responsibility for this news.

In all seriousness, this is sad. Buy the Book is a great store run by great folks and will be missed.