Nook Failure, Lack of Foot Traffic Could Spell Doom For Barnes & Noble 330
tripleevenfall sends in a story at Yahoo Finance forecasting the end of Barnes & Noble. Quoting:
"The last nationwide book retailer may be writing its final chapter. Barnes & Noble's latest quarterly results show a 7.4% drop in revenues and a $122 million loss for the fourth-quarter of its fiscal year. B&N's disastrous focus on making Nook e-Readers is weighing heavily on the chain's operations. A 17% drop in Nook revenues and stunning $475 million loss for the device division in 2013 are hobbling the company's ability to keep its stores afloat. B&N appears to be cannibalizing itself with branded tablets and cross-platform e-reader applications, which render the stores increasingly irrelevant."
I go into the bookstore (Score:5, Funny)
On my way to the Starbucks in the back
LOL Ballmer (Score:5, Funny)
Microsoft just invested $1 billion into B&N.
How much longer are the shareholders going to let monkey boy run things? A lot longer I hope ;)
Re:Are people reading fewer paper books? (Score:5, Funny)
Didn't you get the memo?
http://i.imgur.com/az9FCjh.jpg
they can save the nook (Score:5, Funny)
Re:LOL Ballmer (Score:5, Funny)
Yeah, I was going to comment that Microsoft's keen business sense appears to be functioning pretty consistently these past several years.
Re:Two words (Score:5, Funny)
'Amazon' and 'antitrust'.
It is not illegal to dominate a sector, nor is it even illegal to have a monopoly. It is only illegal to use your dominant position to engage in anti-competitive practices. Standard Oil was notorious for this. Microsoft also used their OS dominance to muscle in and crush competitors in office applications and browsers. I haven't see Amazon doing anything like that. Their competitors are just a click away.
Actually, thanks to Amazon's "one-click" patent, competitors are now forced to be no less than two clicks away or they're going to get a cease-and-desist from Amazon.
Re:Are people reading fewer paper books? (Score:5, Funny)
It doesn't help that most of the store is devoted to all kinds of crap like toys, cards, god books, and astrology.
Some of the God books are good, such as "Where God Went Wrong," "Some More of God's Greatest Mistakes," "Who Is This God Person, Anyway?," and "Well, That Just About Wraps It Up For God."
Re:Are people reading fewer paper books? (Score:4, Funny)
They eyestrain worry is overstated.
The real problem with an iPad for books, compared to a Kindle or to a paperback novel, is that the iPad hurts a lot more when you doze off reading in bed and drop it on face.
Re:Are people reading fewer paper books? (Score:5, Funny)
I graduated with an English degree and love literature. Too me paper books were sacred.
You can't make this stuff up, folks.
Re:Are people reading fewer paper books? (Score:5, Funny)
That is just two, er .. ah .. to ... I mean too funny!
Re: I go into the bookstore (Score:5, Funny)
"And my 2 year old is like 38 pounds [ Medium-sized dog]"