Signals From BN on “Recessionary Pressure” Barnes & Noble stores reported preliminary results for fiscal 2007 after the close of the market yesterday and warned that “the company believes that recessionary pressures in this uncertain economic environment will make 2008 an especially challenging retail year.” They added, “the company’s post-holiday sales trends have continued into the first quarter of 2008 and the bookselling environment remains very competitive.… Given this environment, the company is focusing its efforts on managing its expenses and working capital with a realistic view of market conditions, as well as continuing to refine its marketing strategies and […]
