Monday, February 25, 2013
Barnes & Noble, Again
More news about B & N. The founder and current chairman, Leonard Riggio, has announced plans to buy back the retail portion of the business. He only wants the brick and mortar stores, not the Nook e-reader division. Nook lost $262 million dollars in 2012, and 2013 losses are expected to exceed this amount. Nook and other e-readers are losing market share to iPad, other tablets, and smart phones. There is much conjecture in the book world that e-readers are well on their way to becoming a thing of the past. That was a short life!