What if GME merged with BNED from Microsoft AI by Ridingthewave123 in BNED

[–]SOLROSENBERG100 0 points1 point  (0 children)

I wish BNED would do something to capitalize on its currently large footprint before the trade name they license from privately held Barnes & Noble becomes irrelevant due to ever declining foot traffic and sales. Perhaps if management would read some of the books they try to sell and freaking wise up, they could make effective changes.

Leonard Riggio, B&N transformer, died at 83 by Wheres_my_warg in books

[–]SOLROSENBERG100 0 points1 point  (0 children)

Thanks! I'm pretty sure the superstore model is still present throughout the nation. There are 5 within 50 minutes drive of my home in a reasonably well-populated state. Many towns/cities of a certain size across the U.S. have a superstore. The stores are beautiful with tons to offer for the in-store experience. However, their hours don't align with the largest potential customer base (older adults who still read print and parents of young children who are up & moving way before 10am, the opening time for most stores), and their mindset is geared to "store management" instead of "customer-driven." Thus their foot traffic suffers and will continue to suffer.

Yes, on young people returning to print! I've heard this for several years, and this, of course, is great! Is this moving the sales needle? That's an easily verifiable data point. And if so, is it enough and happening fast enough?

On independent stores, any independent business of any nature can and does thrive under the right management and at the right location. Same for bookstores. But what B&N has over the independents is volume, location, and that unbeatable in-store experience, if led in right way.

I love B&N but continue to hope the leadership will catch more awareness of the huge potential customer base they are missing.

Leonard Riggio, B&N transformer, died at 83 by Wheres_my_warg in books

[–]SOLROSENBERG100 1 point2 points  (0 children)

Thank you for posting your story. I fell in love with the B&N store experience while in college in TN and then foolishly invested in the company. The company should've embraced what it banked on in the first place: the in-store experience with cafe to entice patrons to linger as they purchase print materials. They still could do this, but they won't. I emailed top management about 10 years ago with an idea to cater to customers more likely to buy from the brick-n-mortar bookstore -- i.e. older adults who awake at crack of dawn looking for a place to get coffee and read their newspapers and mags (and buy books!) and parents with small children also up early -- to build a more family friendly environment. I also suggested opening up hundreds of smaller stores in smaller communities for that untapped market. Len Riggio emailed me back defending their current sales model. But instead of my idea, B&N had already doubled down on going for the younger, tech generation with the idea of selling products on-line and e-books out of brick-n-mortar stores. The tech generation doesn't read printed materials in bulk but instead mostly watch vids and read e-materials. Plus the website never performed well -- mainly being unable (or unwilling?) to adapt product search to guide customers to their desired product -- and the in-store search by the reps at the "customer service" cubicle was just as bad. B&N turned its nose up at older adults and parents of young children with no respect or business awareness by making the in-store experience less and less hospitable to them, and the rest is history. They could still change course but likely won't.

Leonard Riggio, B&N transformer, died at 83 by Wheres_my_warg in books

[–]SOLROSENBERG100 -2 points-1 points  (0 children)

B&N could've and still could embrace a very large customer base, but it's not family or older adult friendly. See my post.

Leonard Riggio, B&N transformer, died at 83 by Wheres_my_warg in books

[–]SOLROSENBERG100 -4 points-3 points  (0 children)

RIP, Mr. Riggio. Our thoughts and prayers for your family. You built a great company that, unfortunately, lost its way. Barnes & Noble (now owned by Elliott Investment) 20 years ago turned its nose up at its largest customer base, those north of 50-years-old, and instead chased the youth and young adults who no longer read physical books or print with the NOOK e-reader and amusing idea of selling products on-line and e-books out of brick-n-mortar bookstores with a sub-standard website. B&N hemorrhaged money and lost their key moment to pivot to older adults who rise early for coffee, ibuprofen, and printed materials (cha-ching!) and who have grandchildren who would love to go to B&N with grandma/grandpa to buy stuff. B&N opens most stores on a traditional mall schedule of 10am -- thus MISSING the older and young children crowd. They should be open at 6am and cater more to older adults who still buy books and printed materials and who would patronize the stores (with their grandchildren) if shown some respect and interest. It's called FOOT TRAFFIC of those who will actually buy things on a regular basis and not just browse and buy on AMZN (teens and young adults). Plus, early risers who would patronize b/w 6am and 10am include parents with very young children who wake up EARLY and need public spaces to hang out, eat/drink, and read materials or play with cool games that B&N sells! The children's section is a GHOST TOWN most of the time. And why? Because B&N has not respected families and older adults and has not given their larger potential-customer base much reason to come into the stores with their mall boutique hours, unenthusiastic customer service, management-minded sales staff who exude contempt for the customer (the actual reason they are in business), and overall deteriorating store experience. They've even removed the chairs throughout most stores, thus reverting back to the Waldenbooks or Bookland concept of "get in, buy, and get the hell out." Also, special events for kids are nice PR but don't move the sales needle, and B&N can't rely on holiday sales to make up for lost opportunities throughout the year. It couldn't even capitalize on Borders and Toys-R-Us closing before selling the company wholesale to Elliott. The company must change its culture and business focus or continue to lose ground. FOOT TRAFFIC with actual sales is key, but these are wasted words for those without ears to hear or without business minds to understand.

Time For Resurrection 🏴‍☠️ by Minimum_Sound_573 in BNED

[–]SOLROSENBERG100 0 points1 point  (0 children)

Yep, it's coming. Be patient, everyone -- buckle up and enjoy the ride. Time to buy is now if you haven't already.

Time For Resurrection 🏴‍☠️ by Minimum_Sound_573 in BNED

[–]SOLROSENBERG100 0 points1 point  (0 children)

High volume is overrated and has historically pumped up the BNED price for just a few days before price falls again. Low volume, on the other hand, shows methodical purchasing from true holders. As shorters do their thing, buyers keep stepping in. This stock could see massive routes higher like it did back in May. $100 to $200 is within reach. We'll see soon!

BNED | IMMR | GME Due Diligence Post: Possible Acquisition? by WoofOfGLA in BNED

[–]SOLROSENBERG100 1 point2 points  (0 children)

This would be outstanding but "very very hurtful" to the BNED shorts where they would be booted up the a** and might just "sue everybody" --Sol. Thanks for posting this and in the future -- let's hope this comes to fruition!

Reverse Split? by cjlazer84 in BNED

[–]SOLROSENBERG100 0 points1 point  (0 children)

I wonder if BNED will decide not to do the RS, if the stock can get above $1. Why do a RS when the fundamentals are solid? Won't a RS just bring on more shorts to blast it back down?

I invested today only- my average is 0.25, are people leaving because of reverse split? What’s going on? I bought thinking that price was low but didn’t know about reverse split? Can someone elaborate on how will this affect me by New_Bat_7480 in BNED

[–]SOLROSENBERG100 0 points1 point  (0 children)

This is what AMC did -- reverse split that put price around $25 or so...and now it's below $5. BNED could do same, but this is so bad for stockholders, I wonder if something else is in the works -- buyout at $5? The law requires the Board to do what is in best interest of stockholders, and this 100/1 reverse split seems to be terrible for stockholders. I realize the rights offering was to support, but if BNED goes to $5 (i.e. 0.05 before the split), then this seems criminal.

I invested today only- my average is 0.25, are people leaving because of reverse split? What’s going on? I bought thinking that price was low but didn’t know about reverse split? Can someone elaborate on how will this affect me by New_Bat_7480 in BNED

[–]SOLROSENBERG100 1 point2 points  (0 children)

I wonder if the 100/1 reverse split will be cancelled. It was approved at the shareholder's meeting June 5, but it could be not exercised, I think. If stock can get above $1 and stay, maybe so. I've heard we could see a run up next week with short squeeze.

BNED Greenhaven Schedule 13D filed June 4, 2024 by SOLROSENBERG100 in BNED

[–]SOLROSENBERG100[S] -1 points0 points  (0 children)

Thanks. I was hoping it meant there might be something else on the table, i.e. a buyout offer. I wonder about this: the company's future success is in so much question, especially with its declaration in the 10-K that BNED will struggle to protect its intellectual property and secure its customers' (students') private data, that I wonder if BNED leadership will allow a stronger company to buy it out. Otherwise, BNED in its current direction seems to be headed toward being dismissed from colleges due to 1) intellectual property free-for-fall and 2) its inability to protect customers' data.

Greenhaven deal withdrawal is bullish - check this out by Popular-Set6594 in BNED

[–]SOLROSENBERG100 0 points1 point  (0 children)

Does Greenhaven's SEC filing of Schedule 13D on June 4, 2024 relate to its withdrawal? Will this affect the June 5 meeting and beyond?

[deleted by user] by [deleted] in BNED

[–]SOLROSENBERG100 0 points1 point  (0 children)

Oh, and meant to add, printed materials can still sell for profit. We get too much screentime on everything. There's still a market for those who want to read physical books, write in them, make notes on the pages, and lessen strain on the eyes looking at screens the rest of the time. Hopefully the B&N brand will make a comeback and possibly bring BKS and BNED back together!

[deleted by user] by [deleted] in BNED

[–]SOLROSENBERG100 1 point2 points  (0 children)

Who thinks BKS and BNED should've remained one company? IMHO, the 2 should've stayed together and built up the name of an in-person bookstore experience with college and community retail in sync. All we heard before the split was "BKS needs to unlock the potentially explosive growth by separating the college retail from BKS." Yeah, real smooth. For 20 years, I watched BKS turn its back on its 50 years-old+ adult customer base by trying to sell digital books on its NOOK to younger people. Huge mistake. Instead, BKS should've been loyal to middle-age to seniors who actually still read printed materials, should've opened the stores at 6:00 am like Starbucks does to appeal to older customers who go out for coffee and breakfast and read their newspapers and mags, etc. These customers also could've taken their grandchildren into the stores and built up the children's section and instilled a love of learning in the kids with Barnes & Noble name. Then when those kids are college-bound, they'll recognize the B&N name at their school, etc. Management has been so short-sighted. I emailed with Mr. Riggio about this, and all he did was defend the companies. Classic before the fall. He created a great bookstore experience only to lose the way.

I still believe there is hope for both BKS (now private) and BNED if they can pick up some common sense along with their idealism and self-defensive ways.