Friday, November 9, 2018

This holiday season could seal Barnes & Noble's fate as the bookseller considers selling itself

CNBC
This could be the most crucial holiday season in Barnes & Noble's history.

Its sales have been in a decline for six years as the bookseller cedes market share to Amazon and consumers turn to their phones or portable tablets instead of books. There's been a revolving door in the retailer's C-suite, and activist investors have piled on. Now, Barnes & Noble is considering a sale of its business after receiving interest from a handful of parties, including its founder and executive chairman, Leonard Riggio, and reportedly, U.K. retailer W.H. Smith.. . . more