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Becoming a "kiosk" business, a permanent presence in a larger store or mall, allowing them to sell books and devices physically and online, would probably work for B&N. It could allow them to branch out into markets that did not merit a full store, and actually gain in visual presence, like the ubiquitous cell phone and accessory stores and kiosks.
It would be a severe restructuring of the retail level, but probably worth the effort in the long run.
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