The weak quarter came as other retailers were capitalizing on a healthy consumer economy, and it was another sign of a company in serious trouble. It is looking to replace its fifth chief executive in as many years. The bookstore chain fired its latest CEO, Demos Parneros, in early July, citing unspecified violations of company policy. In August, Parneros sued his former employer in federal court for defamation and for firing him without cause. But it may not be able to turn the business around.
He pointed to improvement in month-to-month sales as a sign of the company's progress. Well, I think Sony and Tencent would be appropriate. Nowadays, e-reading is popular, however, I do not know how many proer really replace their books with a Kindle. Well, kindle is not enough, even the DXG or oasis.
Proer reading would defnite want A4 like Ereaders. Yes, Sony provide that type of product since Thin, super-light, big. As for Tencent, they have a very successful platform called Wechat. If you were in China, you can finish everything via the Wechat only Chating, caring, washing your car, deliverying, ordering, paying for your lunch and so on.
From last year, they started a mini program called Wechat Reading. Nowadays, this platform is not big enough but they have over Millions users, a great portion of those people do pay for books Totally different from that China in stereotype 10years ago. BN Premium member would really enjoy to read their Professional books on the best E-ink readers. Amazon cannot easily follow as they ate just product centric, full of low-end customers have thin margin.
Lastly,BN may create a somewhat special service. Like 24hrs carrel area Just like carrels in Van Pelt. I have to say there are not few people prefer to work or study,write in night. However, as far as I concerned, no libraries really open 24hrs. They can have a try and trying to do some cross selling to help with their profit and finally rise again. Many bookstores in Asia once fall due to online reading crashing but finally fight back.
Opportunities are always exist ,we should take actions to achieve something great. Anyway, Knowledge for action. Or why waste your time to learn. If this comment offend anyone, hopefully you may comprehend. Due to my superficial knowlegde as an average undergrad. Have a nice day. I love book stores. As well they need to offer more book readings , as well as meetings with authors. Amazon shall be stopped and not surrendered to. When I first began writing more than twenty years ago, I pursued sales by offering to have book signings in stores.
The little locals were always quick to agree, and, again while no Dickens or Twain, I put on pretty darn good performances and sold a few books. That immediately led to speculation that the Nook business would eventually be sold off. However, current CEO James Daunt has expressed commitment to the Nook and said that it should have a more prominent place in the stores.
In a podcast from [email protected] Wharton , a few marketing professors discussed what the future might hold for the beleaguered retailer. McLean more or less offered a hit list for retail success during her talk: personalized attention, curated selection, and convenience friction-free purchasing. James Daunt is perhaps best known for spending the last eight years getting the venerable but once shaky Waterstones with stores on its feet.
However, Daunt used some tough tactics, the kind publishers complain about with Amazon, to salvage Waterstones. Gone will be the grand plans and corporate double-speak of the current regime, replaced instead by someone whose message will be simple, to the point, sometimes bruising, but effective.
On Sept. Daunt says that if you give booksellers the autonomy to choose and display and curate their stores rather than making decisions on a corporate level , those booksellers will make sure the books that customers want to buy are in front of them. That is the happy outcome that should reconcile publishers to this [new model]. Co-op is the practice of publishers paying for title placement throughout the chain.
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