What Mr. Worf said. They were far too big to collapse that quickly. :(

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On Wed, Aug 18, 2010 at 9:07 PM, Mr. Worf <hellomahog...@gmail.com> wrote:

>
>
> What would have been a better choice for them is a merger with another
> player out there. Kind of feels like they gave up the ghost too soon.
>
>
> On Wed, Aug 18, 2010 at 5:35 PM, Kelwyn <ravena...@yahoo.com> wrote:
>
>>
>> http://finance.yahoo.com/career-work/article/110381/clearance-sale-barnes-noble-didnt-evolve-enough?mod=career-leadership
>>
>> How did Barnes & Noble (NYSE: BKS - News) fall so far so fast?
>>
>> The giant bookstore chain, whose superstores once struck fear into the
>> hearts of independent booksellers everywhere, put itself up for sale this
>> month, rendering it the corporate equivalent of the remaindered books it
>> sells at a discount.
>>
>> The company said it made the move because its shares are undervalued, but
>> to me there was an air of desperation about it.
>>
>> The simple explanation for Barnes & Noble's decline is the Internet, which
>> spawned Amazon.com (Nasdaq: AMZN - News), e-readers and digital books. But
>> that didn't have to be the end for B&N, which had a dominant market position
>> and should have out-Amazoned Amazon, leveraging its brand and innovating
>> when it began marketing and selling books online.
>>
>> I know exactly when B&N lost me as a customer. Some years ago, to compete
>> with Amazon, B&N began offering free same-day delivery in Manhattan if you
>> placed your order over the Internet by 11 a.m. I did so several times -- and
>> not once did the books arrive when promised. Everything I have ordered from
>> Amazon has arrived on time or earlier. Then came Amazon's game-changing
>> Kindle, and instant delivery. Nothing I've read about B&N's belated rival
>> Nook has tempted me to try it.
>>
>> My hunch is that B&N never really embraced the Internet or e-books, tied
>> as it was to the old-fashioned world of physical books and stores. As B&N
>> focused on managing decline, a much more nimble Amazon could concentrate
>> exclusively on the new world it was forming. B&N needed to destroy its
>> business model to prevail. Now it is probably too late. There is a lesson
>> for all businesses here.
>>
>>
>>
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>>
>
>
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