B&N let 45-50 people go last week, most of whom were buyers. The company claimed that they were focusing more on digital operations. Uh-huh. This is one quote by a publisher: "The growth in digital is great, but someone has to be in charge of getting books into the stores." Books? What are books?
At the beginning of this month B&N announced "solid gains" in the physical book category for holiday sales. PW wrote: "B&N said that sales of physical books, especially hardcovers, exceeded expectations." Yes, digital books will continue to GROW, much more so than their physical counterparts. This is because they're new. They're different. They're exciting. There is plenty of room for growth. Books have been around for a long, long time. But one can't expect ebooks to keep upping on the graph for ever and ever. There will come a point when the ebooks plateau. The question is when and at what point? We know where the physical book stands. The ebook is still a gamble. A big one. I don't think physical books and bookstores and book buyers and booksellers should be disposed of. Big, big mistake.