Nook Failure, Lack of Foot Traffic Could Spell Doom For Barnes & Noble

Posted by Soulskill on Tuesday June 25, 2013 @09:07AM from the dead-tree-viewing-gallery dept.

tripleevenfall sends in a story at Yahoo Finance forecasting the end of Barnes & Noble. Quoting: "The last nationwide book retailer may be writing its final chapter. Barnes & Noble's latest quarterly results show a 7.4% drop in revenues and a $122 million loss for the fourth-quarter of its fiscal year. B&N's disastrous focus on making Nook e-Readers is weighing heavily on the chain's operations. A 17% drop in Nook revenues and stunning $475 million loss for the device division in 2013 are hobbling the company's ability to keep its stores afloat. B&N appears to be cannibalizing itself with branded tablets and cross-platform e-reader applications, which render the stores increasingly irrelevant."

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I go into the bookstore by alen · 2013-06-25 09:11 · Score: 5, Funny

On my way to the Starbucks in the back
LOL Ballmer by binarylarry · 2013-06-25 09:12 · Score: 5, Funny

Microsoft just invested $1 billion into B&N.
How much longer are the shareholders going to let monkey boy run things? A lot longer I hope ;)

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Re:Are people reading fewer paper books? by Anonymous Coward · 2013-06-25 09:19 · Score: 5, Funny

Didn't you get the memo?
http://i.imgur.com/az9FCjh.jpg
Re:Are people reading fewer paper books? by Anonymous Coward · 2013-06-25 10:14 · Score: 5, Funny

I graduated with an English degree and love literature. Too me paper books were sacred.
You can't make this stuff up, folks.