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Barnes & Noble Puts Out 'For Sale' Sign
August 9, 2010
FROM RETAILWIRE:
Describing its stock as "significantly undervalued," Barnes & Noble (B&N) last week essentially put itself up for sale. As e-books erode its brick & mortar business, pressure from shareholder activists were said to have prompted the move. What do you make of the struggle for control of Barnes & Noble?
[more...]
Adapt or perish! This is no longer a brick and mortar world for books, plus books themselves are declining in readership. This is a model-changing requirement that B&N needs to survive. Bigger is not better here. The poor performing stores need to be shuttered and sold-off. Anything that is not profitable needs to be sold and the revenues re-invested in the company as it transforms itself from a brick and mortar based company to one that is virtual and focuses on electronic media.
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