Revenue of Barnes & Noble 2012-2019
Barnes & Noble vs online booksellers
Barnes & Noble, once known for being the largest bookstore chain in the world, has fallen into relative decline in recent years largely due to the increased competition provided by online book retailers such as Amazon. The company’s net sales have dropped in both its physical and e-book segments, and the number of physical stores operated by the company has also begun to gradually decrease. Rather than seek out a physical store location, many consumers have found it increasingly convenient to order their books online given the nearly endless selection as well as the convenience of home delivery.
Despite the struggles of Barnes & Noble in its competition with online booksellers, the appeal of physical books has not waned. Sadly this does not always translate into sales, but traditional print books remain the most popular format by a large margin. Whilst e-books and audiobooks have their place in the industry and allow emerging authors to publish their work, even in a world so heavily focused on digital formats the love for the written word in physical form hasn’t faded just yet.