“Even when an organization is working with a sense of urgency…turnarounds take time,” Barnes & Noble ceo Demos Parneros told investors on this morning’s third quarter conference call, after reporting a poor holiday quarter (in line with their previous warning), layoffs, and a big non-cash charge. His job on the call was to assure investors that management has a clear plan for long-term improvement: “We expect our plan to provide steady and consistent improvement beginning in fiscal 2019 and beyond.” Parneros revealed that BN “will open five new prototype stores” in the coming year in a smaller “right-size format,” with […]
