Barnes and Noble: More Layoffs
NEWS ITEM: “Barnes & Noble Is Laying Off Workers Amid Declining Sales”– headlines at news outlets like Forbes proclaim. What’s really happening?
The big box model for books was always flawed, in our estimation. Gigantic structures. Enormous space with attendant high rent and heating costs. Too many titles (yes: oversupply reducing the value of writers). Plus, half the customers read books or magazines at the cafe without buying them. I always suspected the cafe was the most (only?) profitable part of the enterprise.
Can we do better? We do happen to have on our drawing board our own model for a profitable-and-fun bookstore. One piece in our foundation for a new literature which we’re putting in place.