Amazon Reports Growth, Barnes & Noble Closing Stores

Jeff Bezos Kindle FireRecent reports indicate what many Indie authors already know as vendors dealing with retailers: that Amazon thrives while Barnes & Noble struggles.

Amazon CEO, Jeff Bezos, said, “After 5 years, eBooks is a multi-billion dollar category for us and growing fast – up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.”

The company does not give exact data on Kindle sales although the Kindle Fire HD, Kindle Fire and Kindle Paperwhite have all been top sellers since their releases.

One of their historical competitors, Barnes & Noble, plans to close roughly 200 stores, about 30% of their brick and mortar locations, over the next decade. Barnes & Noble also reported a decline in Nook sales for the last quarter of 2012.

Notice that Amazon reports a growth rate even for print books, while B & N reports a decline for the Nook devices. Not good. Perhaps Microsoft needs to invest another 300 million in this fight?

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