Is Barnes and Noble really in the midden? It is true book shops are in decline as people buy online or buy e-books but is that the reason. In a world of trembling economies it may be a case of adapt or die.
I was bite by the “I’m too busy” bug the last couple of weeks and haven’t had time to put up a News and Views article, but hopefully you’ll all forgive me as I attempt to get back into the swing of things.
This week, let’s turn our eyes to Barnes & Noble and the companies ongoing struggle to avoid the fate of Borders Books. After the departure of former CEO William Lynch in June, B&N basically decided not to go through with any of the agenda he had spearheaded. This meant an about face on the plan to outsource the production of the Nook Tablet or split the Nook business from the brick and mortar bookstore business creating two separate companies. Unfortunately, B&N lost $87 million dollars last quarter, and investors seem unwilling to continue on the Barnes & Noble rollercoaster as the stock price has lost…
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