Barnes & Noble Considering Sale

Barnes and Noble is considering putting itself up for sale.

The bookseller chain said it’s considering “strategic alternatives, including the possible sale of the company”. The company, whose more than 700 stores make it the largest bookseller in the US, has watched its stock decline over the past year as digital books encroach on its territory. Barnes & Noble has countered the digital book phenomenon by introducing its own ebook reader, the Nook, but it hasn’t been enough to stop the bleeding.

A battle among Barnes & Noble’s leading stockholders is also emerging as longtime founder and director Leonard Riggio is being challenged by new investors, who have been buying up the bookseller’s stock.

“Barnes & Noble has an iconic brand and unique competitive advantages we believe will position the company to succeed over time in a rapidly changing market,” the company’s directors said in a prepared statement. “The board is confident in Barnes & Noble’s strategy and fully supportive of the senior management team, which is delivering explosive growth in our fast-developing digital business.”

Understand the impact of server virtualization on storage

Barnes & Noble and Borders, its chief rival, have been under pressure as ebook sellers led by Amazon which sells both its popular Kindle ebook reader as well as online books have moved into the turf of traditional booksellers. Apple’s iPad also represents competition to traditional book selling. With its iTunes music service Apple led the movement that caused most large bricks-and-mortar music stores to close their doors.