Approximately 50% of books are sold at non-bookstore outlets; and as book sales continue to progress towards eBooks and books sold online, we believe these non- bookstore outlets will reduce their presence, if not eliminate their book departments altogether. B&N believes there will be industry consolidation in the form of fewer bookstores and bookstore chains and that the company will be the beneficiary of that consolidation.
The bookstores have played such an important component of NOOK’s success that B&N is expanding its commitment and resources to its digital strategy through the roll-out of NOOK Boutiques.
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