Editor's Note: Rising From the Ashes of Retail Giants
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On Aug. 4, Barnes & Noble announced in a press release that its board of directors was going to "evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value." A few weeks later, the company again made headlines when it announced that it was shuttering its 60,000-square-foot store near Lincoln Center in New York City. Around the same time, Borders announced that it had experienced yet another loss in total sales in its quarter ending July 31, and that it would be adding more non-book product in its physical stores.
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- Companies:
- Amazon.com
- The Wall Street Journal
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Janet Spavlik
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