Wednesday, August 4, 2010

B&N joins Borders as For Sale

Big box bookstore chains are not quite dead, but continue to wane...B&N, the healthier of the two big chains, put itself up for sale today.

Here's the online Publisher's Weekly account.


C. Margery Kempe said...

Inevitable, I suppose.

Todd Mason said...

Well, stockholder greed will out...B&N still making money, after all. The whales among the market speculators are never satsified.

Borders, I know from direct experience, has not been intelligently managed since the '90s, unless things changed significantly in the last decade or so. It doesn't look like there's been much of an improvment.

Sad to note that B&N and Borders are still also the largest surviving record-store chains, at least that I see.

George said...

This looks like a replay of the collapse of Tower Records.

Todd Mason said...

Tower, however, was by comparison managed by chimapnzees.