In essence, I think we have succumbed to the competition. Someone here has already singled out all the advantages that Amazon has, which seem unattainable to us because we are miles away:
Barnes and Nobles is losing money, and has been for years. BN has to pay for store leases, electricity. Amazon does not. BN has to pay a lot of overhead for people to clean the bathroom, wipe the floors, and comply with all sorts of business retail regulation. Amazon does not. BN has to pay cashiers. Amazon’s cashier is a computer program that requires no salary and no health insurance. BN has to receive and stock inventory. Amazon does this mostly with robots.
( @1lob+18N1H2p8 )
I just wonder what BN situation would have looked like if Amazon hadn’t appeared? Would we be in trouble anyway?