Barnes & Noble Not Scared Of Amazon's Brick-And-Mortar Push

Barnes & Noble chief digital officer Fred Argir isn’t batting an eye at Amazon’s new brick-and-mortar store—potentially the second of hundreds to come. “They’re going to do whatever they want to do,” Argir says.

Not only is Barnes & Nobles not nervous over the encroachment on their territory, the company’s CEO Ron Boire says they’ll open a new prototype store that has some sort of digital component.

Argir acknowledged that Nook, the company’s tanking e-reader, needs to be scaled back to put more effort into profitable aspects of the business, Quartz reports. 

Argir might have some cause for concern—the company’s closed 80 of its 720 stores since 2010, and plans to close eight more in 2016. [Quartz]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

CoStar To Acquire Aerial Imagery Company For $730M