Street.com published an eye-popping article today for anybody with an interest in the tumultuous book market.
The headline reads: Barnes & Noble to Go Bankrupt Next, Poll Says
Source: Bankruptcy Scores: 20 Riskiest Retailers
We’ve watched B & N stock lose close to half its market value over the past 12 months and it remains the company no one wants to buy. But bankrupt? Here’s the scoop from The Street.
Street.com has analyzed retailers using the 1968 Altman Z-score, a formula which has shown to be 72% accurate in predicting bankruptcy within 2 years. Twenty retailers, one of them B & N, were found to be in the danger zone for bankruptcy.
Then Street.com polled its readers with this question: Which retailer (out of the 20 retailers) do you think is most likely to file for bankruptcy?
Barnes and Noble won the prize with 31% of the votes. The poll also showed that readers did not think that Barnes & Noble’s great hope, The Nook, would be enough to ward off bankruptcy.
Click here to read the full article. You can also learn about some of the other 20 retailers who were in the the Altman zone for bankruptcy here.
The Bookstore Key Series on Changes in the Book Industry
Decluttering the Book Market: Ads on the latest Kindle (April 14) Independents on the Exposed End of the Titantic? (April 6th) Border’s Bonuses (March 30) The Experience of Holding a Book (March15) Finding “Deep Time” in a Bookstore (March 8th) Reading The New Rules of Retail by Lewis & Dart (March 3) The Future Price of the Physical Book (Feb 18) Borders Declares Bankruptcy (Feb 16) How Great Things Happen at Lemuria (Feb 8th) The Jackson Area Book Market (Jan 25) What’s in Store for Local Bookselling Markets? (Jan 18) Selling Books Is a People Business (Jan 14) A Shift in Southern Bookselling? (Jan 13) The Changing Book Industry (Jan 11)
<a href=”http://blog.lemuriabooks.com/2011/04/bookstore-keys-decluttering-the-book-market/”>Decluttering the Book Market: Ads on the latest Kindle</a> (April 14)<a href=”http://blog.lemuriabooks.com/2011/04/bookstore-keys-independents-on-the-exposed-end-of-the-titanic/”> Independents on the Exposed End of the Titantic?</a> (April 6th) <a href=”http://blog.lemuriabooks.com/2011/03/bookstore-keys-borders-bonuses/”>Border’s Bonuses</a> (March 30) <a href=”http://blog.lemuriabooks.com/2011/03/bookstore-keys-finding-deep-time-in-a-bookstore/”>The Experience of Holding a Book</a> (March15) <a href=”http://blog.lemuriabooks.com/2011/03/bookstore-keys-finding-deep-time-in-a-bookstore/”>Finding “Deep Time” in a Bookstore</a> (March 8th) <a href=”http://blog.lemuriabooks.com/2011/03/bookstore-keys-reading-the-new-rules-of-retail-by-robin-lewis-michael-dart/”>Reading The New Rules of Retail by Lewis & Dart</a> (March 3)<a href=”http://blog.lemuriabooks.com/2011/02/bookstore-keys-the-future-price-of-physical-books/”> The Future Price of the Physical Book</a> (Feb 18)<a href=”http://blog.lemuriabooks.com/2011/02/borders-declares-bankruptcy/”> Borders Declares Bankruptcy</a> (Feb 16)<a href=”http://blog.lemuriabooks.com/2011/02/bookstore-keys-how-great-things-happen-at-lemuria/”> How Great Things Happen at Lemuria</a> (Feb 8th)<a href=”http://blog.lemuriabooks.com/2011/01/bookstore-keys-the-jackson-book-market/”> The Jackson Area Book Market</a> (Jan 25)<a href=”http://blog.lemuriabooks.com/2011/01/bookstore-keys-whats-in-store-for-local-bookselling-markets/”> What’s in Store for Local Bookselling Markets?</a> (Jan 18)<a href=”http://blog.lemuriabooks.com/2011/01/bookstore-keys-selling-books-is-a-people-business/”> Selling Books Is a People Business</a> (Jan 14)<a href=”http://blog.lemuriabooks.com/2011/01/bookstore-keys-a-shift-in-southern-bookselling/”> A Shift in Southern Bookselling?</a> (Jan 13)<a href=”http://blog.lemuriabooks.com/2011/01/bookstore-keys-the-changing-book-industry/”> The Changing Book Industry</a> (Jan 11)
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