Barnes & Noble is here to stay! Or so they say…
Sanebull on If you can read between the lines… you can see that Barnes & Noble is in trouble. Sales were down 6.1% last quarter compared to the previous year. The decline in sales comes as a result of far fewer customers coming in the door. Actually, far fewer customers are coming through the website, as well.
Sell, sell, sell… is what investors did after the company’s poor performance. The book-sellers troubles were only magnified given that other companies did so well this quarter. The company has over 600 stores and 23,000 employees; but, we are likely to see those numbers start to dwindle down. Not only is the store losing customers, but they also have an ongoing (and high-profile) feud with their former CEO.
Too big… for the small-town bookstore feel that has made local bookstores successful and too inconvenient to get customers off Amazon – what is Barnes & Noble to do? Actually, that’s not our problem…although, we hear they have a “strong” book lineup on tap for fall and Christmas. Hm, we’ll see how that goes…
