Quote:
Originally Posted by FrustratedReader
All quotes from Wikipedia.
What will the new owners of Barnes and Noble do with the Nook? Or will they take a hands off approach to the management of B&N?
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Elliot will not be a hands-off owner.
Daunt has made it clear he will be directy running B&N to change its practices and make the stores more locally-focused. He will still be running Waterstones but he will be spending about 75% of his time in NYC, the rest in London.
Some of his statements about changes are hopeful but a couple suggest he has some learning ahead.
As pointed above, Nook's fate will depend on whether sales are stable or still declining. As long as it is self-sustaining it'll stay open, but if not it will be...disposed of.
Yes, it is in an awkward position. Mostly because Daunt is no friend of ebooks. He also is no fan of "lifestyle" merchandise in the stores. He is all about print.
What comes next will take time to play out as he tries to stem the decline in traffic.