MobileRead Forums - View Single Post - Barnes and Noble Financial results for fiscal year

Kali Yuga · 06-23-2011, 06:35 AM

I'm not surprised, they've had some financial issues for a couple of years now.

Apparently B&N is feeding a little bit off of the Borders closures, but store revenues still declined to $4.36bn from $4.6bn in 2010.

I wouldn't say "they're doomed," but not much has changed. The open question is how low will store sales drop, and whether B&N can survive the inevitable process of closing a large number of physical stores.

06-23-2011, 06:35 AM	#3
Kali Yuga Professional Contrarian Posts: 2,045 Karma: 3289631 Join Date: Mar 2009 Device: Kindle 4 No Touchie	I'm not surprised, they've had some financial issues for a couple of years now. Apparently B&N is feeding a little bit off of the Borders closures, but store revenues still declined to $4.36bn from $4.6bn in 2010. I wouldn't say "they're doomed," but not much has changed. The open question is how low will store sales drop, and whether B&N can survive the inevitable process of closing a large number of physical stores.