Music GroupsTrouble at Borders, Barnes & Noble
A post at Silicon Alley Insider talks about Borders' hiring of JPMorgan and Merrill Lynch to explore strategic alternatives. The company has liquidity issues and will suspend its quarterly dividend.
Peter Kafka hints the previous strategic plan, the digital kiosk, isn't going to turn things around. I agree. It's the kind of quick-fix band aid that doesn't address deeper and more fundamental issues. A month ago I posted about the company's new hybrid stores that hope to use kiosks to get digital sales out of brick-and-mortar shoppers.
Kakfa also made mention of Barnes & Noble's lower quarterly profit.
Posted by Glenn at 10:30 AM
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Brick-And-Mortor Retail
