The WSJ looks at Barnes & Noble’s turnaround efforts, focusing on the standard James Daunt storyline. Deep in the piece is the news: If December sales are good, then BN’s sales will be down 20 percent for the year. “In recent months” the company laid off about 5,000 employees, “the majority of whom worked part time.” Compared to April 2019, the chain has eliminated 7,500 jobs, now employing about 16,500 people. Half of the New York-based corporate staff has been eliminated, approximately 125 people. The story also notes that prior to the pandemic, Daunt had a weekly lunch with independent […]
