Chairman Leonard Riggio has said in the past that he would consider assembling an investment team to buy the company. In the article, retail analyst Mike Souers speculated that this kind of private takeover might be the only buying option.
The company’s trump card is its eReader, the Nook. Even though a majority of the business is conducted through its 705 brick and mortar stores, the Nook has seen major growth.
Research analyst Peter Wahlstrom had this quote in the article: “It’s not only ‘how do you compete with iPad 2’ on the digital side, but does the bricks and mortar have enough legs to support the growth of the digital platform.”