I read an article recently about the losses they are suffering in today’s marketplace. The bookseller is looking at a grim future. Total revenue has fallen 10 % when comparing to last years sales figures, which they attribute to store closings and declining Nook sales.
The company has decided to abandon the color Nook idea, keeping only the black and white version and farming that out for production. Despite high hopes for the readers, they haven’t been able to keep up with Amazon and the Kindle reader in sales.
Barnes and Noble will keep the paper book division, despite the thought by some that they are going the way of Borders, believing the biggest majority of future sales are in ebooks.
Who is to say? As a reader, I’d rather read a regular old-fashioned book, but I know with space requirements the ebooks are becoming increasingly popular. One thing good about a paper book, besides the smell of good old paper and sitting back in your easy chair, is that a regular book won’t break if you drop it and it never needs to be charged. This is a big plus in my mind.
If they close the B and N here, it would be a terrible thing because we only have a couple of ‘mom and pop’ tiny bookstores that are still in business, but they have no selection, nor will they order anything if they don’t have it. I guess time will tell what happens here and if Barnes and Noble will have a future.
If you’d like to read this entire article, here is the link: