Sears, KMart, JC Penney, and you guessed it, Barnes & Noble
"Barnes & Noble sales have steadily declined. The company hasn't done anything to reverse that trend other than undertaking some minor tests of selling alcohol in its cafes and adding expanded restaurants which have failed. There is no turnaround plan, and while the bookseller isn't in imminent danger of closing, it's hard to see how the brand recaptures any sort of relevance to reverse its slide."
From what I can tell the stocks are as bad as they were in 1997.
Yeah, TJ Maxx even added another stand alone store, which is all Home Goods.
Barnes is doing one thing right, by adding focus on "Gift," with the mark ups giving them easy money.
My God, all the cash they funneled into a million variations on the Nook, would be like Amazon relentlessly attempting to make their doomed Fire phone thrive.
Imo, the Nook is what caused all the layoffs, because it s---ed up all the funds.
Has anyone checked the BN stocks? .
Yeah that would've been a smart move. Seems Marshalls And TJ Maxx stores are the only ones making a profit in retail.
Sears & Kmart are already dead, don't think B&N is at that point yet.
JC Penney should have copied TJ Max/Marshalls, because it's basically the same concept, yet one is thriving and the other is dying.
Not sure how Penney could not figure out the formula.