The Blog of Andrew Syrios
  • Home
  • About
  • Writings and Interviews
  • Contact

The Blog of ANDREW sYRIOs

Barnes and Noble in Defeat

2/20/2018

Comments

 
Well I guess it was bound to happen, or at least begin to happen. After all, Borders collapsed some time ago, and before that Blockbuster and Hollywood Video went down in flames. Now it looks like the biggest book store in the country is going to follow their tragic path,

"In a round of company-wide layoffs, Barnes & Noble has cut lead cashiers, digital leads and other experienced workers. Workers discovered the news when they showed up to work on Monday only to learn they no longer had jobs, CNBC reports."

I can't say I'm surprised. Nor should anyone who has watched their sales,


"During the 2017 holiday season, sales dropped more than 6 percent to $953 million from last year’s. Same-store sales fell 6.4 percent, and online sales slid 4.5 percent."

While I rarely go to Barnes and Noble, or any other book store for that matter, I do enjoy going there. There's a nice vibe to grabbing a cup of coffee, browsing through various books and pretending to be cultured. But, like many others, I get almost all my books from Amazon (or Audible if we count the audio versions). That's obviously where the market's headed and it's hard for the old brick and mortar stores to keep up.

That being said, online retail still only makes up about 8 percent of the total market. While that is focused heavily in books, which would hurt the likes of Barnes and Noble the worst, I suspect there's more to it than that. Indeed, I think mismanagement plays a key role as well. That's especially true for Sears.

That being said, of course, online retail certainly doesn't help.

Comments
comments powered by Disqus

    Andrew Syrios

    "Every day is a new life to the wise man."

    RSS Feed

    Archives

    November 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017

    Picture
    Business Websites

    Stewardship Properties
    333 Rent
    Blog Roll

    The Real Estate Brothers
    The Good Stewards


    Bigger Pockets
    REI Club
    Meet Kevin
    Tim Ferris
    Joe Rogan
    Adam Carolla
    MAREI
    1500 Days
    Worcester Investments
    Just Ask Ben Why
    Entrepreneur
    Inc.
    KC Source Link
    The Righteous Mind
    Star Slate Codex
    Mises Institute
    Tom Woods
    Michael Tracey

    Consulting by RPM
    The Scott Horton Show
    Swift Economics
    The Critical Drinker
    Red Letter Media

    Categories

    All

    View my profile on LinkedIn
Powered by Create your own unique website with customizable templates.
  • Home
  • About
  • Writings and Interviews
  • Contact