Amazon has cornered the book market, and with no major foes to keep things competitive, it is killing the book industry. In the US, Barnes & Noble is now struggling, and even revenue from its e-book device, Nook, has fallen by 85% since 2011; there are fears that it will follow in the footsteps of Borders, which closed in 2012. “It’s in the interest of the book business for Barnes & Noble not just to survive but to thrive", said bookstore owner Oren Teacher.
Amazon has cornered the book market, and with no major foes to keep things competitive, it is killing the book industry. In the US, Barnes & Noble is now struggling, and even revenue from its e-book device, Nook, has fallen by 85% since 2012; there are fears that it will follow in the footsteps of Borders, which closed in 2011. “It’s in the interest of the book business for Barnes & Noble not just to survive but to thrive", said bookstore owner Oren Teacher.