That price tag includes all of the book megachain's debt. Elliott's acquisition of the largest retail bookseller in the U.S. comes less than a year after it bought Waterstones, the largest in the U.K.
Shoulder to shoulder, they formed a line 500 feet long: from the stockroom of the old shop, down the sidewalk, and onto the shop floor of the new store.
Amazon has opened its latest brick-and-mortar bookstore — the first on the East Coast. But an independent bookseller in the Boston suburb says: "I think that we're going to be OK."
A mall real estate executive let slip that Amazon plans to build up to 400 walk-in stores. Analysts were skeptical, and now the executive says his comment wasn't intended to represent Amazon's plans.
The mere mention of Syrian refugees can conjure up images of families living in tents in the desert. But a bookstore in Istanbul serves as a cultural oasis and informal community center for Syrians.
The debate over whether digital books are better continues. But in the age of Amazon, the number of independent booksellers is up. The revival is fueled, at least in part, by digital natives.
