News broke today that video store chain Blockbuster is on the verge of filing for bankruptcy in September. The news prompted blogger Mike Cane to propose a bookstore comparison: Barnes & Noble=Blockbuster?
Cane predicted that if Leo Riggio doesn’t step down or make the leap to adapt to 21st-Century business practices, Barnes & Noble will follow the same fate as Blockbuster.
What do you think? Here are some of his comparisons between Blockbuster and Barnes & Noble:
“1) Still lots of physical stores, like Blockbuster? Check.
2) Still dealing in physical goods, like Blockbuster? Check.
3) Embroiled in a hostile takeover ploy, like Blockbuster? Check.
4) Headed by people who avoid digital, like Blockbuster? Check.”