Amazon Bookstore Furor: Day Three

There must have been a huge collective sigh of relief at Barnes & Noble yesterday as some of the media and many investors took a realistic view of the possible opening of more Amazon Books stores, first reported on Tuesday. Yesterday, when the Dow was up 0.5%, B&N shares jumped 13.9%, to $8.35 a share, regaining the value they had lost Tuesday and Wednesday, when investors feared new Amazon stores would severely damage the bookseller.

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In all the commentary over the past three days on the possible opening of more Amazon Books stores, Miriam Sontz, CEO of Powell's Books, Portland, Ore., was perhaps the most articulate champion of indie stores. Hear her in a segment that aired yesterday on KCRW's To the Point.

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