January 6th, 2012
“Barnes & Noble Seeks Next Chapter” by: Jeffrey A. Trachtenberg & Martin Peers
Barnes & Noble Inc. is the latest old-school company to discover how costly it can be to try to reinvent itself for a digital future.
Given the expense of running Barnes & Noble’s Nook business, can the digital business run better on its own? John Jannarone discusses on Markets Hub. Photo: REUTERS.
The nation’s largest bookstore chain warned Thursday it would lose twice as much money this fiscal year as it previously expected, and said it is weighing splitting off its growing Nook digital-book business from its aging bookstores.