Barnes & Noble followed a bad holiday sales period with a poor full report on their fiscal third quarter, reducing both sales and earnings expectations for the full year. After ceo Len Riggio said in early January, “Post-holiday traffic and sales have improved and we are optimistic for the remainder of the fiscal year,” adding, “we think we’re going to be back on track before the holidays and through the holidays,” we learn he was wrong. By the company’s account there was a little window of rebounding that has already faded: “despite sales improvements post-holiday, trends softened in late January […]
