By David Hancock on November 25th, 2009

AP News: Top 2 booksellers report losses, their shares fall

content.htm Barnes & Noble Inc. and Borders Group Inc., the nation’s two largest brick-and-mortar book sellers, both posted quarterly losses Tuesday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening.

Barnes & Noble, the larger of the two, also cut its forecast for annual profit, and shares of both retailers fell.

Even with an online presence, traditional bookstores have had a rough time facing off against online sellers like Amazon.com as they also compete with low-price brick-and-mortar stores including Wal-Mart Stores and Target and cope with consumers cutting discretionary purchases amid tough economic times.

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David Hancock, Morgan James Publishing's Founder, and co-author of Guerrilla Marketing for Writers and The Entrepreneurial Author, is recognized by NASDAQ as one of the world's most prestigious business leaders and reported to be the future of publishing.

Industry News • Miscellaneous B&N, Books, Borders, industry

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AP News: Top 2 booksellers report losses, their shares fall

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