Quote:
Originally Posted by DMcCunney
They wish.
Bookstores are in trouble across the board. Borders is largely on life support. Barnes and Noble is searching for ways to retain customer loyalty, and was rumored to be interesting in acquiring Borders, save that no one could say where they would get the money to make the acquisition. Independent bookstores are largely a dying breed unless they have a specific niche.
What are the issues facing them? Book sales flat or down, competition from discount retailers like Costco and Sam's Club, and Amazon.com.
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Dennis
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Wow... Didn't know this. I frequent these stores for Graphic novels, quick picks and the like. Plus, I'm always getting coupons from both BN and Borders. There's also the Starbucks in BN that I like to read and study in. I just never seen the life blood leaving these stores yet. With Borders, I can, but mainly because their prices are higher and the atmosphere isn't as... I can't describe it.
Looking at the Market Cap, I don't think BN would have much problem acquiring Borders. Also didn't they just announce a deal with Plastic Logic and Irex to start offering readers of their own? Also didn't they acquire Fictionwise. I think they have a lot more life left than you give them credit for.