Barnes And Noble Going Out Of Business
So far barnes noble.
Barnes and noble going out of business. Going back to basics and putting the books first. Discounts are low you can t sell product for more than cover price which is clearly printed on items think what else do you buy that has that. They considered putting themselves up for sale in july of 2010 http www guardian co uk books 2010 aug 04 barnes and noble for. The stock has leapt 61 since the deal announcement june 7.
The deal values barnes noble at 6 50 a share a 43 premium to the retailer s 10 day volume weighted average closing share price before news of an imminent deal leaked thursday. Mall standbys payless shoesource gymboree and crazy 8 are going out of business in 2019 while sears and kmart barely avoided liquidation earlier this year. Neighborhood booksellers out of business is suffering as the new big beast amazon swallows its business. Barnes noble stores have become places where customers read hang out and have a cup of coffee rather than just shop.
For long suffering barnes noble investors a resurgence would be welcome. Barnes noble has been acquired by the hedge fund elliott advisors for 638 million a move that has momentarily calmed fears among publishers and agents that the largest bookstore chain in the. The nook has helped barnes and noble. We are of course book lovers too and like many of you we turn to books for comfort and education entertainment and escape especially in times like this.
On thursday barnes noble reported that comparable sales dropped 6 1 in. The company s shares have nowhere to go but up. We are barnes noble on facebook bnbuzz on twitter and barnesandnoble on instagram. But barnes noble spun off that part of its business into a separate entity called barnes noble education so it ll have to find a different way to keep customers coming back whether by.
A lot of factors as bookshop owner abet a small one the book biz is a tough biz.