Barnes & Noble is killing itself

I’ve been chronicling the slow demise of B&N for years now, watching the company bleed out, drop by drop, until it has become a shell of its former value. B&N was a cultural center in places without cultural centers. It was a stopover on rainy days in New York, Chicago, and Cleveland and it was a place you could go to get your kids’ first books.

That’s mostly over now. On Monday the company laid off 1,800 people. This offered a cost savings of $40 million. But that’s particularly interesting. That means each of those people made an average of $22,000 or so per year and minimum wage workers – hourly folks who are usually hit hardest during post-holiday downturns – would be making $15,000. In fact, what B&N did was fire all full time employees at 781 stores. From a former employee:

On Monday morning, every single Barnes & Noble location told their full-time employees to pack up and leave. The eliminated positions were as follows: the head cashiers (those are the people responsible for handling the money), the receiving managers (the people responsible for bringing in product and making sure it goes where it should), the digital leads (the people responsible for solving Nook problems), the newsstand leads (the people responsible for distributing the magazines), and the bargain leads (the people responsible for keeping up the massive discount sections). A few of the larger stores were able to spare their head cashiers and their receiving managers, but not many.

Further, the company laid off many shipping receivers around the holidays, resulting in bare shelves and a customer escape to Amazon. In December 2017, usually B&N’s key month, sales dropped 6 percent to $953 million. Online sales fell 4.5 percent.

It is important to note that when other big-box retailers, namely Circuit City, went the route of firing all highly paid employees and bringing in minimum wage cashiers, stockers, and salespeople it signaled the beginning of the end.

Streamlining a bookstore may work in theory but in practice, a bookstore is far more than a depot for printed matter. It is a play place, a cafe, and a browsing spot. Small booksellers know this and they make their spaces interesting and welcoming.

A Barnes & Noble without a guy in a pirate suit reading stories is a Wal-Mart without the added benefit of selling more than just media. We assume that the people who dedicated their lives to selling books at B&N weren’t there for the money but instead worked there for the love of books. Now they’ve lost those people forever.

Comments

Use Cortana to define words for you in Windows 10

Microsoft’s Cortana has many uses including sending emails or checking the weather. One of the best uses though is a simple look-up feature for words and their definitions. Combined with the Hey Cortana voice recognition using Cortana to tell you quickly what a word means is a great hands-free tip. There are multiple ways to get Cortana to define a word. If you have Hey Cortana enabled you can simply blurt out your request: “Hey Cortana what is the meaning/definition of inchoate ?” “Hey Cortana define ubiquitously “ You can, of course, also just type in your request e.g “ define beatitude ” although this admittedly takes some of the speed (and fun) out of using the personal digital assistant. For many words, Cortana displays the definition within a card, and OxfordDictionaries or EncartaDictionaries powers it. Sometimes, if Cortana misunderstands you or does not have the definition, the assistant opens up a web page after performing a web search for...

Intel announces the first 14 nanometre processor

At the Computex conference in Taipei, chipmaker Intel has revealed a fanless mobile PC reference design using the first of its next-generation 14nm "Broadwell" processors. The 2 in 1 pictured here is a 12.5" screen that is just 7.2 mm thick with keyboard detached and weighs 670 grams. The Surface Pro 3 – for comparison – is 9.1 mm thick and weighs 800 grams. It includes a media dock that provides additional cooling for a burst of performance. The next-generation chip is purpose-built for 2 in 1s and will hit the market later in 2014 . Called the Intel Core M, it will be the most energy-efficient Intel Core processor in the company's history with power usage cut by up to 45 percent, resulting in 60 percent less heat. The majority of designs based on this new chip are expected to be fanless, with up to 32 hours of battery life, offering both a lightning-fast tablet and razor-thin laptop. Intel is also delivering innovation and performance for the ...

How ad-free subscriptions could solve Facebook

At the core of Facebook’s “well-being” problem is that its business is directly coupled with total time spent on its apps. The more hours you pass on the social network, the more ads you see and click, the more money it earns. That puts its plan to make using Facebook healthier at odds with its finances, restricting how far it’s willing to go to protect us from the harms of over use. The advertising-supported model comes with some big benefits, though. Facebook CEO Mark Zuckerberg has repeatedly said that “We will always keep Facebook a free service for everyone.” Ads lets Facebook remain free for those who don’t want to pay, and more importantly, for those around the world who couldn’t afford to. Ads pay for Facebook to keep the lights on, research and develop new technologies, and profit handsomely in a way that attracts top talent and further investment. More affluent users with more buying power in markets like the US, UK, and Canada command higher ad prices, effectively...

New wearable tracker can transmit vital signs from a soft, tiny package

Body sensors have long been bulky, hard to wear, and obtrusive. Now they can be as thin as a Band-Aid and about as big as a coin. The new sensors, created by Kyung-In Jang, professor of robotics engineering at South Korea’s Daegu Gyeongbuk Institute of Science and Technology, and John A. Rogers, Northwestern University, consists of a silicone case that contains “50 components connected by a network of 250 tiny wire coils.” The silicone conforms to the body and transmits data on “movement and respiration, as well as electrical activity in the heart, muscles, eyes and brain.” This tiny package replaces many bulky sensor systems and because the wires are suspended in the silicone you are able to create a denser electronic. From the release: Unlike flat sensors, the tiny wires coils in this device are three-dimensional, which maximizes flexibility. The coils can stretch and contract like a spring without breaking. The coils and sensor components are also configured in an unusual spi...

job

http://TheWeeklyJob.com/?id=147500

Exciting Technology

Search This Blog