Quote:
Originally Posted by fjtorres
Now, if we were talking Borders, who farmed out their online business to Amazon until it was too late, then yes, Amazon had an advantage. But B&N was actually doing fine both at B&M and online until 2010. That's when they started shooting at their own boots. Sometimes while wearing them.
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Tech greatly expanded around 2010. They had competent competitors. Development of in-house tablets, Android and iOS apps that needed constant upgrading each year to keep up with OS changes.
They had to weather a recession then skyrocketing commercial leases.
Then the self-publishing industry took off. Instead of earning $5 per book they received a few pennies. Very challenging unless one has good management with access to lots of capital.
Of course, B&N isn't the only retailer struggling. Bigger and better have and will continue to fall.