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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST
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To: jawd who wrote (6904)6/21/1998 12:37:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
It is clear BKS does not believe traditional retailing is dead:

"Yet Riggio says his revolution has just gotten started. He foresees adding 500
more supersize Barnes & Noble stores over the next decade. He has plans to
build his fledgling online venture into a powerhouse promotional channel that
will generate interest in books--and his bookstores. He's also beginning to
think about new ways to apply his merchandising prowess. In August, he'll
open a 3,500 square foot prototype magazine store called Ink in a mall in
Meriden, Conn. He says the venture will start small--three to four stores by
October, with no more than $10 million in revenues by 2000. Further out,
Riggio, who is an avid art collector, talks about opening cavernous art stores
that will sell everything from posters to original works."
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