Barnes and Noble had a very bad Christmas.
Retail is like a shark. It keeps moving forward or it dies.
But when was the last time you bought a hardback?
I didn’t think so. Same-store sales fell a sobering 8.2% for the last 8 weeks of 2012, the biggest sales period of the year.
Okay...when was the last time you bought a movie on DVD? Uh-huh. Netflix, right?
Then how about a music cd? Okay fine. Never mind. lol I was kidding! But there you have it.
So Barnes and Noble’s stake in our future is the NOOK. Surely the NOOK is doing well. Right?
No. The NOOK, and all its accessories actually fell a staggering 12.6% over that same period against the iPAD.
And piracy has destroyed their content market.
So what’s left?
Maybe you buy magazines? Newspapers? ANYthing?
So now they are in trouble.
“The change [in the book industry] is enormous and Barnes & Noble is going to continue to shrink because it goes against the tide,” says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a New York City-based retail consulting and investment banking firm. “It’s in a very tough place and its future is very uncertain.”
Do you like the Barnes and Noble on east 86th street?
Take a picture.