The growing popularity of online e-books has spelled trouble for brick-and-mortar bookstores. Large bookstore chain Borders filed bankruptcy and liquidated in 2011. Competitor Barnes & Noble still exists as of publication but has faltered in trying to compete with online retailer Amazon's low prices on physical books and hearty catalog of e-books. Barnes & Noble tried to directly compete with Amazon with the Nook e-reader, but the device failed to take off to the extent of Amazon's Kindle line. The company has since spun off Nook as its own division to keep the poor sales from further dragging down the company's earnings reports. Barnes & Noble 'sfiscal 2014 revenue was down nearly 7 percent compared with the prior year.