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/biz/ - Business & Finance


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52829551 No.52829551 [Reply] [Original]

What went wrong financially speaking?

>> No.52829565

>>52829551
I mean you can get 2 of those 3 things at the click of a button on your stupid little pocket computer so idk you tell me

>> No.52829568

>>52829551
Amazon

>> No.52829570

readings gay

>> No.52829622

>>52829565
barnes and noble is still somewhat alive.

perhaps borders did the cafe thing too late?

>> No.52829667

>>52829551
Books - free at the library
Music - free online

>> No.52829716

>>52829551
You can’t get rich overestimating the intellect of the public.
Opening a bookstore is business suicide because such a small amount of people are readers.
Go into a Barnes and Noble right now and you’ll see half of it is comic books, toys, and stationery.
Even digital books aren’t selling and if anyone does “read” it’s an audiobook

>> No.52829749

>>52829551
Open borders don't work.

>> No.52829930

>>52829551
Get woke, go broke.
#noborders

>> No.52829970

Nobody wants to go to the store for books or music.

Why would you want to, when you can get either in a matter of 30 seconds by looking it up on the internet. There is also the fact that you might not even find the music or book you're looking for, so it's a big waste of time.

>> No.52829979

in short: The time where having a large selection of books was ending and Borders couldn't or wouldn't pivot. Barnes and noble correctly understood to use their capacity and shelf space to basically become a store for all things that educated white people like.

>> No.52829981
File: 579 KB, 815x677, 686E608B-5B90-4270-80DF-49C98DD08601.png [View same] [iqdb] [saucenao] [google]
52829981

>>52829551
>what has borders ever done for us?

>> No.52829992

>>52829565
If there are people who would prefer to own physical movie and video game media like blu-ray discs over digital downloads, then it stands to reason that there would also be people would prefer to own physical books.

>> No.52829994

>>52829551
Amazon and indie bookstores.

>> No.52829995

>>52829749
>2829749▶
Holy fuck anon that's the best pun I've seen all year.

>> No.52830031

>go into borders
>Check out the books, find one that is interesting
>Buy from Amazon for %20 cheaper

>> No.52830050

>>52829749
Well played. Well played.

>> No.52830055

>get fucked by online retail
>get fucked on e-readers
>2008 financial collapse happens
>gg

>> No.52830081

>>52829970
>Nobody wants to go to the store for books or music.

Some people still do, that's why Barnes and Noble still exists. The question is, why did Borders fail while B&N did not?

>> No.52830114

Everything is free on lib gen . End of .

>> No.52830142

Sony killed them. Borders signed a contract to support the HD-DVD format exclusively and they never sold Blu-ray at a time when lots of people were buying.

>> No.52830168

>>52829551
* free
* free
* free

>> No.52830174

>>52829716
barnes and noble is a huge hangout in my town along with rural king
cant explain it but it just works here

>> No.52830211

>>52829992
You can order those online, that's part of anon's point.

>> No.52830517

>>52829622
dunno, kinokuniya is also still alive

>> No.52830661

>>52830081
>why did Borders fail while B&N did not?
Borders seem to have had a history of dumb decision-making. I didn't know >>52830142 but it wouldn't surprise me. They missed the boat on e-readers, B&N had the Nook which saved their ass some, and also outsourced their internet retail - like, entirely - to Amazon. Turkeys demanding, everyday be Xmas.

>> No.52831816

>>52829551
Their business model was selling books in America

>> No.52832022

I don't know, but I always preferred them to kike and noble.

>> No.52832144

>>52829551
open border policy resulted in too many books stolen.
I miss going to book stores and flirting with college girls bros.

>> No.52832222

>>52829551
Reading, from an evolutionary perspective, is a relatively new endeavor for humanity. Long bouts of reading large texts didn't come in until the last few thousand years. It's not completely unnatural, but it's also not completely natural either. You really have to take time, patience, and concentrate to read for hours. Most don't, especially with overactive dopamine receptors and all the pretty lights and sounds in everyone's pockets...
>Amazon first $1B 2001
>iPhone 2007
>Financial collapse 2008
It was bound to happen. Even then people thought of it as the alternative to Barnes & Noble

>> No.52832357

>>52829551
Borders went on a massive expansion at exactly the worst time. They bought tons of physical real estate at the exact time online stores started proliferating.
https://www.grunge.com/787837/what-happened-to-borders-bookstores/

>> No.52832402

>>52829551
Outdated business model that can't compete with online bookstores in terms of selection, price, or convenience.
Still, I wish all of these stores were still around. They were inhuman corporations, of course, but with the switch to online commerce, even the last vestige of humanity has left the economy. Man has been antiquated by his own inventions.

>> No.52832411

>>52829992
You can buy any physical book online.

>> No.52832510

Barnes and Noble held something that Borders did not - Gamestop. The lesson here is, always hold Gamestop. Don't be like Borders.

>> No.52832775

>>52829551
The prices were way too high. You could look at their inventory and then go find it cheaper at amazon. It's sad because book stores are the best.

>> No.52832819

>>52829551
Sup, Dave.

>> No.52833016

>>52829551
Webvan has to be one of the biggest reasons. The parent company Borders Group Inc invested hundreds of millions of dollars on this grocery delivery startup Webvan. That company burned through cash at an unbelievable rate and of course went bust. All that money could have went into the Bookstore business.

Remember the discounts? Whenever you purchased a book you would get a second receipt with a 20%-30% discount on your next purchase. It was too generous. I of course took full advantage of the discounts.

I really wish they stayed in business. It’s a tragedy when any physical bookstore goes out of business. Browsing through books and finding what you like is an incredible thing. Yes you can check the look inside function at Amazon but that is limited. There is nothing like going to a bookstore, browsing, reading all you want and buying that book to continue reading at home. And of course having coffee while you’re doing it.

I hope B&N doesn’t go under. Why they still have a DVD/Blu-ray/Record section is beyond me. Every time I go in that section it is completely empty. Why not expand the toy or stationery section? Or have a bigger Starbucks cafe? Something to bring the money in….

>> No.52833324

>>52829551
Man I used to love this place 20 years ago I would be in there reading Lone Wolf and Cub (for free of course). It was like a chill library, I also would spend money there when I had it.

>> No.52833493
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52833493

>>52832222
It still blows my mind that from a few sentences I start hallucinating pictures and living in an alternative world

Reading is honestly witchcraft

>> No.52833606

I always remember Borders as the "high end" or expensive version of Barnes & Noble. I never bought anything, couldn't afford it. I remember a New York landscape photography coffee table book being $108 as a kid, that I ended up buying at the thrift store a few years back for $8. Most books were in the $40 range, back when wages were lower than what they are now and I only got $1 as an allowance. Remember $30 punk journals or $75 Tokidoki vinyl figures that were no more than 1" tall? Retail pricing is horrendous.if I wanted a book, I went to the library. Borders felt like a rich person novelty. $5 for coffee was way more money then, than now.

>> No.52833935

>>52829551
I would argue that part of the issue is most printed books started becoming worthless trash in the 1980s. By the time the 2000s arrived very few books were worth buying. Of course its gotten worse since than. Whether fiction or non fiction almost all books now are trash. This is why >>52829716
>Go into a Barnes and Noble right now and you’ll see half of it is comic books, toys, and stationery.
rings so true. Few purchases at Barnes and Noble are for the purchaser. More often than not the purchases are for gifts. Nobody wants this crap cluttering their house.
The only books worth purchasing today are used books that contain information not readily available in the modern world, rare collectible books and antique books.

>> No.52835128

>>52833493
Absolutely! Reading is magic.

>> No.52836544

>>52829667
cafe - free at home

>> No.52837062

Turns out selling books to Americans is a bad business model

>> No.52837226
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52837226

Borders was dumb and stayed retail. Barnes and Noble bribed colleges to make them the world's biggest college campus textbook reseller and also a publisher.
They rape students and that's why they still exist.
I worked for them. It is shady business. Particularly the new math editions being blocked so we can buy used books cheap with bo shipping then turn around and sell them for 500% profit to a captive market.

>> No.52837255

>>52830174
where is there to hang out in a Rural King?
The ammo department?
There's always a few dipshits telling lies in the ammo department at my rural king, but I can't take it for more than 5 min

>> No.52837276

>>52829551
>Book, music, Cafe.
Is this in America? Nigga try chicken, for real.

>> No.52837319

>>52833493
>Reading is honestly witchcraft
It's your imagination, you fucking sperg.

>> No.52837380

>>52837226
Funny fact about B&N. They own both the box company all products are shipped to the store with and charge high prices for boxes. They also own the shipping company managers must use or get written up for. The shipping company charges higher prices than all other shipping companies.
$$$$ pay up tax payers. Don't forget to fill out the fafsfa. We will help.
Len Riggio. Owner of B&N and shipping and boxes.
Once at a manager training he told us. I hate the Waltons. They are so greedy.
Also use my boxes and shipping or else.
Ok Len.

>> No.52837514

>>52829551
Looking beyond Borders why is the entire publishing industry so shit? It's no wonder people don't give a damn about books when all that's available in the mainstream is complete garbage that may or may not be money laundering schemes.
I've heard the publishing industry described as a cartel with a lot of women involved. Any truth to this?

>> No.52837782

>>52837514

Yes, most fiction readers are overwhelmingly women and they read 80% slasher books and erotica.

>> No.52837814

>>52829622
Barnes and noble exists by selling Funko pops and other toys/garbage to people who are in there for the Starbucks.