The short of it? Barnes & Noble eventually realized something that was clear to a lot of people from the start: It just can’t compete with the likes of Amazon and Apple when it comes to tablets.
Barnes & Noble’s dicey Nook holiday news comes the day after it announced that Michael Huseby, former Nook lead, was taking over the CEO spot left vacant by William Lynch, who stepped down last July.
Oddly, Huseby might have an easier time rescuing Barnes & Noble’s physical retail business than its digital one: Sales from the company’s brick-and-mortar stores came in at $1.1 billion, a 6.6 percent decrease compared to the previous year.
That, however, might be a bad thing in the end: If Barnes & Noble’s physical sales are better than its digital sales, what longterm hope does it really have?