Barnes & Noble reported earnings for their fiscal second quarter ending October 28, once again reporting mediocre results: Sales and store comps declined, and the loss grew, with both sales and earnings missing analysts’ modest expectations. Shares fell approximately 10 percent in the first hour of trading, back to about $7 a share, on the disappointing results. But there is a glimmer of encouragement. After years of touting everything but books (digital devices, educational toys & games, vinyl records, maker fairs, collectibles, etc.), with limited effect, Barnes & Noble has decided to be a bookseller: In the new release, ceo […]
