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Here's the problem with downsizing stores--when a store shrinks down like that, what's going to go away, the obscure stuff, or the bestsellers? The obscure stuff. So they're going to be offering bestsellers, with a smattering of other works.
So then they'll be competing with Target, Walmart, etc. And that's dangerous on two fronts. (1) People go to a big box store for a lot of reasons. So they get a LOT of exposure to the books that are being sold. (2) B&N can't undersell the big boxes.
If they keep the big stores, they're screwed. They can barely afford their leases as it is.
If they go to a small stores, they're going to die the same death that Waldenbooks did.
Either way, they're dead.
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