Toys R Us and Barnes & Noble reported their holiday season sales for 2009, with sharply different results. Toys R Us had solid increases, while Barnes & Noble’s results were worse than expected, says ICv2.
[Thanks to John Mansfield for the story.]
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Poor sales at Barnes & Noble may not be the same as poor sales overall, though its certanly suggestive.
I recall some remarks a friend of mine made about Indigo moving into Toronto. He said it would cut into sales at local book stores, and then when they were gone, Indigo would replace floor space given to books with a lot of crap like greeting cards, lavender balls, candles, cross word puzzles, and pot holders. He was right. Wonder if book lovers have gone back to smaller stores, though, or if we’ve been screwed permanently?