As interviewer Nicole Lapin noted in the segment, the “common narrative for Barnes & Noble is that the brick and mortar business is dead and the nook probably can’t compete with Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL).”
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Lynch however disagreed, citing the company’s most recent quarterly results in support of his position. For the fiscal first quarter, which ended on July 31, Barnes & Noble experienced growth of 4.5 percent, the company’s highest growth in five quarters.
Defending the company’s retail business, Lynch highlighted the bookseller’s increasing market share. “We are actually the only place in the U.S. to get a broad selection and assortment of books,” Lynch said in the interview. Currently, Barnes & Noble dominates the market for physical books; after Borders went out of business last year the company increased its market share by 64 percent.