Sorry Jeff, but sometimes I'm slow. Was your post supposed to make us all laugh or were you serious? If the former, hehehe. If the latter, how do you figure that AMZN is taking share from BGP? BGP's sales grew by 17.6% from the same Q last year. Unless you are arguing that the book market is growing faster than 17%, BGP had to gain market share. Who it came from we don't know, but BGP did gain. Actually, a hint is in the numbers - Border's itself gained 27% over last year while WaldenBooks lost a little. Perhaps it's simply the smaller (physical size that is) stores, including some chains and independents, who are losing share to both the big boxes and the Web.
What this report does indicate, though, is that BGP isn't suffering. They are growing faster than the overall market and they make money. Imagine that! I guess they are doomed then.
Regarding KTEL, I guess that might be considered a tip-off that you were joking, but these days... well, I hope you were joking about buying it.
Bob |
