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

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."

Comments

They will have to change or will be restructured

[roman_mir]

I have seen this and dealt with this on a smaller scale though, but they will have to change their business or they will be restructured and their assets will be auctioned off and somebody with a different, more economically viable plan will come in and reuse the bought assets in a different way.

Basically this is the market telling them to change, are they listening? Do they even understand and know how to listen and what to pay attention to and what to discard as irrelevant? What I know is that it is hard to change the minds of the people that are set in their ways and can ride their business right into bankruptcy because they won't change and they are not even interested in understanding what and how to change.