Indie bookstores are growing but it looks like B&N is struggling.
https://www.bloomberg.com/news/arti...unges-after-worst-holiday-quarter-in-a-decade
Barnes & Noble Plunges After Worst Holiday Quarter in Decade
A few years ago, B&N announced that it is planning to close 1/3 of its store over the next 10 years.
https://techcrunch.com/2013/01/28/b...hird-of-retail-stores-over-the-next-10-years/
Barnes & Noble To Shutter One-Third Of Retail Stores Over The Next 10 Years
Revenue is on the downward trend:
2012: $4,852,913,000
2013: 4,568,247,000
2014: 4,295,140,000
2015: 4,108,243,000
2016: 4,028,614,000
With 2015 the only profitable year
2012: ($64,840,000 loss)
2013: (157,806,000 loss)
2014: (47,268,000 loss)
2015: 36,596,000 profit
2016: (24,446,000 loss)
I am fearful for the future of B&N.
https://www.bloomberg.com/news/arti...unges-after-worst-holiday-quarter-in-a-decade
Barnes & Noble Plunges After Worst Holiday Quarter in Decade
Barnes & Noble Inc. investors were bracing for weak results over the holidays. What they got was worse.
The bookstore chain posted profit of 96 cents last quarter, well below the $1.13 analysts estimated. And same-store sales — a closely watched benchmark — plunged 8.3 percent. That was the biggest holiday-quarter decline since 2005.
. . . .
The results suggest that Chief Executive Officer Leonard Riggio has more of an uphill battle against Amazon.com Inc. than feared. Barnes & Noble is struggling to get customers into its stores, and efforts to expand its nonbook merchandise has had limited payoff.
Barnes & Noble’s Nook e-reader platform, once seen as a rival to Amazon’s Kindle, also has failed to deliver. Sales of Nook content, devices and accessories fell 26 percent last quarter, which ended Jan. 28.
A few years ago, B&N announced that it is planning to close 1/3 of its store over the next 10 years.
https://techcrunch.com/2013/01/28/b...hird-of-retail-stores-over-the-next-10-years/
Barnes & Noble To Shutter One-Third Of Retail Stores Over The Next 10 Years
Revenue is on the downward trend:
2012: $4,852,913,000
2013: 4,568,247,000
2014: 4,295,140,000
2015: 4,108,243,000
2016: 4,028,614,000
With 2015 the only profitable year
2012: ($64,840,000 loss)
2013: (157,806,000 loss)
2014: (47,268,000 loss)
2015: 36,596,000 profit
2016: (24,446,000 loss)
I am fearful for the future of B&N.