Now, Barnes and Noble has come to a similar juncture. The last large-scale brick and mortar bookstore chain has just hired a new CEO (Ron Boire) who's chief focus is to cut losses on Nook, which has been suffering financially. There are possible plans to discontinue Barnes and Noble's eBook and electronic divisions entirely.
Barnes and Noble has been discussing separating Nook from its bookstore divisions since December, when Microsoft and Nook parted ways, amidst financial turmoil. The eReader has been doing poorly for over two years, according to the NY Times. In the same article, James McQuivey at Forrester Research is quoted as saying "You're only managing how quickly it [Barnes and Noble] will continue to decline."
Is this the end of the last major bookstore chain?
In reading analyst's comments, I'm surprised by how many claim Barnes and Noble made a mistake getting into the eBook market initially. Let's not forget their ONE serious rival, who refused to embrace eBooks at all. If Barnes and Noble abandons eBooks, will it survive long-term? It's depressingly easy to envision a world where the only print books available for purchase come from the internet....