The New York Times is reporting the above. Here is Stumptown, it's big news. What do you think,my neighbors to the South?
I've been watching this battle for a while, wondering how B&N was going to respond to the newer industry big'un. Fold or go head to head? Who is the Romney character in the passion play, and who the Gingrich?
B&N has over 700 stores across the nation. Their absence will surely put a ding in Amazon's bottom line - something to consider, as Amazon just posted something like 50% downturn in sales. (I'm remembering off the top of my head - I could be wrong about the number.)
You can bet your patootie that INDEPENDANT bookstores aren't going to step up to fill the retailer void left by B&N.
Thoughts?
PS.: NYT article here: