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Old 02-13-2018, 08:36 PM   #9
Fbone
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Quote:
Originally Posted by fjtorres View Post

For all B&N's problems, they still sell a lot of books. Around 23% of 2017 sales. Maybe 150M of them. They just aren't selling as many as they used to and not generating enough revenue to support the big store format.

I think there might be room for 30 or 40 big format specialty bookstores (Powell's, for example) scattered about and a ubiquitous chain or two of small shops focused on local casual readers. In the UK Waterstones is looking in that same direction, creating a set of small shops focused on their locality, some without the Waterstones name. Essentially a chain of Independent stores.

B&N could do that. But first they have to let go of their big store fetish.
Unfortunately, the employees would have been laid off anyway. It just started early.

Another issue facing B&N (and other brick retailers) is the high cost of commercial leases. The latest B&N investor report said that most of their leases expire in 2 years. I expect many closures with subsequent layoffs. Maybe, they will then lose their big store for smaller ones.
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