View Single Post
Old 01-05-2012, 08:01 PM   #31
fjtorres
Grand Sorcerer
fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.
 
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
Quote:
Originally Posted by jofallon View Post
Nook is a money-losing business, unlike the retail part of BN.
You sure?
Today's report claims the *dollar* value of B&N's store revenues went up 2.5%.
Not mentioned: the US inflation rate is 3.5%.

So, despite reduced competition with Borders gone (17% of the market last year), despite higher pbook prices, despite adding all sorts of non-book products, and despite 70% higher Nook sales...
Despite all that, B&N stores' revenue in the peak book-selling season *dropped* 1% year-to-year in inflation-adjusted terms.

Does that sound like their B&M retail business is healthy?
Dunno, but to me it sounds like a leaky boat that has the entire crew bailing water like crazy and is still oh-so-slowly sinking. At some point the crew is going to run out of tricks to try.

There is good reason for the investors to freak out.
fjtorres is offline   Reply With Quote