Heard during Barnes & Noble's earnings call


Barnes & Noble (BKS +4.1%) CEO Husney says the company held about 20% of the e-book market, down from two years ago when it was in the 25%-27% range.

Same-store sales at the company's retail stores were down 0.5% in FQ3 - fairly level with other retail chains for the period. A bright spot was the 12% increase in comp sales for educational toys and games in the quarter.

On the topic of a bid by G Asset Management, Huseby was downright dismissive. G Asset has "extremely limited" financial means and no equity financing to support its proposal, says the exec.

Huseby also dissected the job cuts at the Nook business. 190 positions, or 26% of the work force, were slashed through attrition and layoffs.<.li>

Earnings call transcript

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