Jul 4, 2016

Who's Killing America’s Chain Bookstores?


(Lost Bookseller) Hastings, the country's third largest book retailer, has gone under. Hastings management blames the internet, but the internet didn’t kill Hastings. No mention of its ancient POS system or its bloated headquarters full of neurotics. No mention of their bright idea to buy an East Coast DVD retailer. When was the last time anybody on the East Coast bought a DVD? Let’s call internet retailers what they are: competition. Hastings couldn’t compete because it was a bad company.
Same goes for Borders, which was a tragic case as it started out as such a good company. Continued