Thread: B&N expects Nook losses to increase in 2013
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Old 02-15-2013, 10:15 AM   #24
Kali Yuga
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Sears, Kmart, Best Buy are still around.

Circuit City and CompUSA over-expanded, a common problem for electronics chains.

Quote:
Originally Posted by pl001 View Post
B&N should have been trying to compete directly with Amazon online right from Amazon's inception.
Not necessarily.

E-commerce barely existed in 1994, when Amazon first got started. The Internet was still in the dial-up era, nothing like today's ubiquity and routine nature.

First-mover advantage is more a myth than a reality; consider how many "dot coms" of that era imploded -- and how Amazon would have been among the victims, if Bezos wasn't a shrewd borrower. Anybody remember this guy?



Sony, by the way, had an ebook reader long before Amazon or B&N, and they're now roadkill in the US market.

Plus, B&N did get into ebooks fairly quickly, and have a reasonable market share. The problem is that the Nook business isn't profitable, and it looks like that won't be fixed any time soon.
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