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Originally Posted by Teyrnon
Can't it be saved? It seems to me that there is still a future for brick and mortar bookstores though not in their current form. It'd take forward thinking, creativity, a passion for book selling, and a willingness to embrace changing paradigms. Granted we're unlikely to see those qualities coming from a big corporate chain.
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There is one big corporate operation that thinks B&M has a future.
http://time.com/4099690/amazon-books-bookstore/
But their prototype store runs so differently from every traditional bookstore many think it isn't really designed to sell books.
There's quite a few people around here, myself included, who see a future for B&M bookstores but the model we see is an update on the old B. DALTON mall store model replicated en-masse like the Payless shoe store chain or the Gamestop gaming chain: lots of small stores located close to the buyers, something closer to a newstand or comic shop than a book warehouse.
This is not a model B&N (with its enormous storefront leases) can transition to without a rinse through chapter 11. Which is to say their future is pretty dim.
Here, this is what investors are hearing:
http://www.fool.com/investing/2016/0...ring-what.aspx
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But here's the bottom line: The company has a core business that is being disrupted by online retail, just like nearly every retail business, and that business is built on selling a product that's also being disrupted by technology. And it just fired its CEO after less than one year.
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As the BBC said above: their next CEO will be their fifth in four years.
Next one might as well be Leo Apotheker.