Quote:
Originally Posted by rcentros
I was in a Barnes & Noble the other day (mentioned in another thread). The place was busy, well stocked and didn't have the "smell of death" lingering over it. Admittedly stores in this area may be the exception to the rule, but there still seems to be a lot of value in Barnes & Noble to me.
If Walmart is serious about competing with Amazon ... maybe a Walmart/Kobo purchase and keep Barnes & Noble whole.
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Whole, as in keeping all the execs?
Dunno.
I don't think their assets are valueless but their management culture sounds outright toxic. Buy the assets, fire everybody upstairs, start over fresh as NBN. New Barnes and Noble.
Btw, when Circuit City went down, the one near me was doing gangbusters business.
When Borders went under, the nearest one was doing so well the Mall operator wanted to buy it and keep the staff and everything the same. Big traffic magnet.
I've no doubt that 50-60 of the B&N stores are making money hand over fist, especially in the larger metro areas with lots of flowing money. But the other 500 stores...