With bookstores losing money, mergers loom - Mania.com



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With bookstores losing money, mergers loom

By Karl Schneider     March 23, 2007

Even the prospect of the upcoming Harry Potter novel can't stop the chatter of a possible merger of Barnes & Noble and Borders due to lackluster financial outlooks.

Due to the gloomy financial forecast, Borders has said it would close nearly half of its Waldenbooks stores, weigh options for its international units and start selling books through its own Web site, ending its arrangement with Amazon.com.

Barnes & Noble, also going through rough financial times, attributed some of it's lower earnings forecast to price-cutting on the forthcoming Harry Potter book.

Borders posted a net loss of $73.6 million, or $1.25 per share, for its fourth quarter, while Barnes & Noble expects a loss of 8 to 12 cents per share.

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oriontrekguy 3/23/2007 4:30:00 AM
Damn you, Amazon.com! *shakes fists up in the air*
nrollins 3/23/2007 8:49:26 AM
I would mind if Amazon only gave reliable, quick service OR low prices, but they do both, so it's hard to feel bad for retail outlets. I will go to a Borders to flip through a book for quality, but then go home and buy it on Amazon for a 40% savings. Why wouldn't you? In fact, in the last year, I've had multiple Borders and B&N employees SUGGEST that I just buy it on Amazon and save money. Gee, wonder why they're losing revenue!
monkeyfoot 3/23/2007 9:17:16 AM
I like the Borders stores. It's a nice place to kill a few hours breezing through magazines and books I probably won't buy while I lounge in the coffeehouse. I also like the immediacy of purchase . I've seen books I wanted on Amazon, then I'll check the local Borders and Barnes & Noble online to see if I can pick it up rightaway. I'm always dissappointed when I can't.
smegforbrain 3/23/2007 9:38:28 AM
Well, I get my books from a Waldenbooks, and if they shut down, I'll just turn to Amazon.com for all my book purchases. But I worry that Amazon.com won't have the selection and prices without Borders. Blah.
nrollins 3/23/2007 11:02:30 AM
Amazon will continue to have low prices because they lack the overhead of retail outlets. That is one of the reasons their business model works well. And there's absolutely no reason why their selection would decrease in quality, as they aren't limited by having to stock 100s of store fronts.
toddybaseball 3/23/2007 11:40:52 AM
Support independent bookstores. The giant corporations, Amazon included, don't need your money.
originaldave77 3/23/2007 12:50:56 PM
..."books"...?
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