barnes and noble dying
Is Barnes & Noble failing?
For more than a decade, we’ve been hearing about how Amazon has been the death of bookstores all across the country. And yet Barnes and Noble has been creeping along for years after the closures of other behemoth bookstore chains such as Borders and Crown Books. But in the last few years, Barnes and Noble, too, appeared to be failing.
Is Barnes & Noble on the glide path to extinction?
It wasn’t so long ago that Barnes & Noble seemed to be on the glide path to extinction. At the end of 2018, the giant bookselling chain reported its seventh quarterly loss in a row, red ink of $27.3 million on sales of $117.2 million. Its management was in turmoil: That summer, Barnes & Noble fired its fourth chief executive in four years.
Is Barnes & Noble still afloat?
While Barnes and Noble, despite all of this turmoil, has managed to stay afloat for far longer than many predicted, the past couple of years have been especially tumultuous. Burning through four CEOs in five years and closing over 150 bookstores in the past decade, things were looking dire.
Why is Barnes & Noble important?
For well-known authors, Barnes & Noble is important for a different reason — its size. An important stop on any major book tour, the chain’s 600 stores can place enormous orders and move a lot of copies. “It’s funny how the industry has evolved so that they are now a good guy,” said Ellen Adler, the publisher of the independent New Press.
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