Barnes & Noble (BKS -1.3%) trades lower after a plan to reduce a third of its stores over...

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Barnes & Noble (BKS -1.3%) trades lower after a plan to reduce a third of its stores over the next ten years is disclosed. Given a backdrop of a print book market which has lost 22% of its sales in five years and B&N's ongoing struggles to generate profits, the move makes sense to analysts.