From a short-term, publisher perspective, Barnes & Noble’s fiscal third quarter report was in line with their holiday sales update, showing sales just $400,000 below flat at $1.231 billion. Actual book sales did fall a bit, by $7.6 million or 1.2 percent, as non-book sales rose $19.1 million, or 4.9 percent, particularly as the company picked up the slack in the toy market. From a more existential, investor perspective, though, it was another poor quarter with little prospect of improvement on the horizon. Adjusted EBITDA of $133 million was down $6.5 million, due to the increased marketing and promotional spend […]
