Entries tagged with “brick and mortar” from Tools of Change for Publishing
B&N Considering Borders Acquisition
When Borders announced its exploration of "strategic alternatives" in March, speculation marked Barnes & Noble as a possible suitor. The Wall Street Journal says B&N is taking that speculation seriously -- it's assembled an advisory team to study an acquisition of its brick-and-mortar competitor. From the WSJ:
That Barnes & Noble is contemplating a bid illustrates how competitive book retailing has become ... Not only have Amazon and other Web retailers taken a significant portion of the $15 billion consumer book business, but also book sales have shown little real growth in recent years.
Amazon Growth Fuels Online's Book Market Share
Online retailers claim 21-30 percent of the consumer trade book market, according to two recent surveys. Publishers Weekly says much of this growth comes from Amazon:
In discussing their 2007 results, both Penguin's David Shanks and Simon & Schuster's Carolyn Reidy said the e-tailer was their fastest-growing account last year, while Quarto Group chairman Laurence Orbach noted that sales of its MBI Distribution subsidiary have increased by more than 10 percent at Amazon in each of the last three years.
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