It appears that B&N wins the race to outlast the field in a declining industry. The still have MBS in order to have sourcing priority for used books even though used books are less and less relevant in a technology disruptive industry. When will B&N takeover Follett stores in order to extend their longevity in this declining industry?
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Most clueless post of the day. B&N retail is a whole different company than BNED. I'm pretty sure MBS hasn't been shedding staff. They probably still have profits and a profit sharing plan. Didn't Follett stop sharing profits?
"B&N stock is 1/3 of its peak value. They’re closing stores left and right.
If you think MBS hasn’t shed staffing in their warehouse or technology divisions, you haven’t been following them very closely. Wallace’s and Arkansas closed, Southeastern closed, Nebraska got gut-punched but is back on its feet at least."
The B&N retail stores have nothing to do with the college bookstore side of the business. They have been separate companies for 3 years.
B&N stock is 1/3 of its peak value. They’re closing stores left and right.
https://www.theguardian.com/books/2018/may/12/barnes-noble-bookstores-retail-amazon
If you think MBS hasn’t shed staffing in their warehouse or technology divisions, you haven’t been following them very closely. Wallace’s and Arkansas closed, Southeastern closed, Nebraska got gut-punched but is back on its feet at least.
I wouldn't feel sorry if they did implode. Management doesn't care about any employee - all about $$
B&N is struggling as well. But I think their infra-structure is better suited to move forward and survive. They have people that spent years in the bookstore industry, Follett has lots of K-mart rejects at the top. I don't think B&N would do a take-over, they would just let Follett implode