Checked in at Barnes & Noble.Continue Reading
Barnes & Noble is in trouble. You hear that, in worried tones, when you talk to people in the book business. You feel it when you walk into one of the chain’s stores, a cluttered mix of gifts, games, DVDs (DVDs?) and books. And you really see the problems if you dig into the company’s financial statements.
Revenue from Nook, the company’s e-book device, has fallen more than 85 percent since 2012. Online sales of physical books have also plummeted. At the stores, where business was once holding up, it’s down about 10 percent over the past two years. Several stores — like my local one, in the Washington suburbs — have closed, and many have reduced staff.
I remember the day the Borders in West Windsor closed. It was sad walking through the isles with empty shelves. But I’m torn because I’m part of the problem. I shop a lot on Amazon. Price is only part of the reason I shop on Amazon. A small part. I shop at Amazon mostly out…Continue Reading