Barnes and Noble Growth Death Knell
The belled tolled for our good old friends at Barnes and Noble yesterday. Sure it wasn’t a death knell for the company but it was for its growth. When B&N reported that its estimates for this year were, well, less than rosy, investors pounced sending the stock some 10% lower. That’s around $300 million in value - evaporated.
I almost didn’t post this, because I hammer them into the ground every time we hear these sad stories, Borders too. I repeat again:
Big box sellers only opportunity for significant growth in this decade is through online sales via a third party marketplace system.
Wake up people!
Previous rants:
Did the Riggio brothers fail B&N
