Quote:
Originally Posted by Connallmac
But that assumes that they want to own it long enough for $250 million to be spent and turn things around. Heck, that even assumes that it could be turned around. Given the losses at B&N stores as well, I think you're swimming against the tide. I think they would only see limited benefits from consolidation and downsizing with B&N that might stop the immediate hemorrhaging, perhaps enough to sell it and realize a profit. But long term they need to re-envision the bookstore. I think the real white knight for B&N is Starbucks.
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Now
that's an interesting idea.
The relationship already exists. My local Borders is a "Borders Bookstore and Cafe", and my local B&N also has a cafe area. In both cases, I believe Starbucks operates that concession.
The current model is "Use the cafe the get the customers to come in for coffee and snacks, and buy books while they're at it." The revised model might be "Use books to get the customers to come in and buy coffee and snacks".
There's an indie bookstore in NYC that may well make more on food and drink than book sales, so the model is possible.
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Dennis