Barnes & Noble executive chairman Len Riggio appears to have indicated that the bookseller’s fiscal second quarter results through the end of October, due to be announced on November 22, will disappoint investors again: He tells Crain’s, “The preoccupation with the election was hurting sales,” adding, “we expect a bounce-back.” Riggio advises, “You won’t turn a switch and see the whole retail business coming back, but it hit a bottom and it’s starting to turn up.” Bear in mind that the bar for the chain for the second quarter is already set pretty low, since a year ago BN reported disappointing sales […]
