Interesting contra playhttps://www.wsj.com/articles/elliott-management-is-lead-bidder-in-auction-of-barnes-noble-11559843348 …
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Second time Elliot is doing this - unsure how the first is going.https://www.wsj.com/articles/elliott-management-buys-british-bookstore-chain-waterstones-1524762100?mod=article_inline …
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“A 2018 Pew Research Center study found that despite growth in certain digital formats, relatively few Americans—just 7% consume digital books to the exclusion of print. In its most recent nine months, sales declines have started to slow at B&N.”https://www.wsj.com/articles/elliott-buyout-ambitions-dust-off-barnes-noble-11559929707 …
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And the strategy for the turnaround. Give each store autonomy to cater to local market.https://www.wsj.com/articles/british-bookseller-plots-turnaround-at-barnes-noble-11565258401 …
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The problem for B&N is not e-books. It's e-commerce.
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