Where Book Selling is Headed
The last decade has unveiled big changes in the publishing world. Ten years ago the only e-reading I remember was on a Palm Pilot. Now I'm reading on a slab of electronics that also connects me to the world. But what does all this mean? It means the big book store chain, Barnes & Noble, is doomed, at least in a physical store front in our neighborhoods. The WSJ writes: The bookstore chain's stock sank 16%, to $14.59, after the company reported a worse-than-expected loss of $6.6 million, or 17 cents a share, for the quarter ended Oct. 29, compared with a loss of $12.6 million, or 22 cents a share, a year earlier. Sales declined 0.6% to $1.89 billion from $1.90 billion in the year-earlier quarter, with the biggest…