World’s Largest Bookseller Barnes & Noble Considers Selling Itself
According to the LA Times and Wall Street Journal, Barnes and Noble announced yesterday that it was considering placing itself up for sale. Huge decreases in market sales, brought about largely by high competition with Amazon and a late jump into the e-reader market, have greatly affected the retail chain. Barnes and Noble had market capitalization of 2.2 billion in 2001 but is currently down to only 950 million. The company's shareholder's are disillusioned due to falling stock prices for the retail book giant and pressured the Board of Directors to make the move. [Read the rest of this article...]
