iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,434 Blog Posts

Barnes & Noble Founder on State of Retail: “The Worst I’ve Seen in 50 Years”

Naturally, this is an emotional response from a man who is under fire by Amazon, also suffering from the pangs of an illiterate nation. On top of that, the mall is dead and no one has any money, after healthcare and groceries, to make discretionary purchases anymore.

Leonard Riggio, founder and Chairman of BKS said traffic at stores are  ‘close to a historic low point.’

Moreover, aside from retail being inexorably ‘terrible’ and miserably wretched, Riggio doubled down on his bearshitting commentary, saying  “better put, is it is one of the worst I have ever experienced in the 50 years I have been in this industry.”

Then the old fucker veered off course and tried to blame Trump for his shitty sales:

“The current trend can be traced precisely to the current election cycle, which is unprecedented in terms of the fear, anger and frustration being experienced by the public.”

Being a collector of old books, I believe BKS is an inartful experience for clowns and pseudo intellectuals who peruse soft cover books like the imbeciles they are. However, there is potential for BKS to be truly great, especially if they used their space to appeal to people like me, who’d gladly make large purchases for items worth buying.

Also, they’re vinyl record section is a fucking joke. In short, BKS is being dreadfully mismanaged.

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7 comments

  1. lplongo

    P Record Exchange FTW. PIcked up so many things from there back in my school daze. Was told they moved locations but I think it was a lie. Due to go back soon.

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  2. skulduggery

    Old comic books are still increasing in value based on the auctions I’ve been watching the past 4 yeas. Perhaps BKS could add important Golden and Silver age comics to the mix.

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  3. formergeek

    Here in south Flahriduh supermarkets seem to be the new homeless shelters

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    • ironbird

      Dude out in So Cal it is a homeless jungle. Truly a humanitarian disaster. They are everywhere. Never seen it this bad.

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  4. Po Pimp

    “Also, they’re vinyl record section is a fucking joke. ”

    their

    A-game.

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