The e-book is still central to B&N's strategy, but it's not selling.

If the bookseller does stop producing its e-reader to concentrate on the licensing side of its operation, it will be good news for Amazon.

B&N will cut up to a third of its brick-and-mortar stores, slowly and carefully over 10 years.

The bookstore has suffered an enormous security breach, when criminals placed a bug on credit card readers in over three score stores.

All this from the firm that doesn't like Amazon but wants to be like it-- and there's a noo Nook on its way too.

This and more important news from your Fast Company editors, with updates all day.