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Heard during Barnes & Noble's (BKS +3%) earnings call: 1) Further steps to reduce Nook Media...

Heard during Barnes & Noble's (BKS +3%) earnings call: 1) Further steps to reduce Nook Media costs will be undertaken with underlying profitability an issue. 2) On the hardware business, the company concedes the market has shifted toward a consumer preference for multi-function tablets away from e-readers and that big players are "resonating" in the market more than B&N. The company will "adjust" quickly. 3) Contrary to news reports, the company says it will not accelerate store closings with 95% of its stores still profitable. A new store concept may be tested. (webcast)
Comments (3)
  • wigit5
    , contributor
    Comments (3968) | Send Message
     
    95% of stores still profitable is pretty surprising... good for them love my local B&N
    28 Feb 2013, 10:39 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5366) | Send Message
     
    Without Borders, (BKS) has no brick and mortar competition. (BKS) stores also have a reading/play area and a coffee shop. Borders had the same. Some people go to the store to read, play games with others, and drink coffee. Borders had a (SBUX) shop in its stores.
    28 Feb 2013, 02:45 PM Reply Like
  • wigit5
    , contributor
    Comments (3968) | Send Message
     
    I wish BKS had actual starbucks in it's stores, I've never gone to one and received a drink that tastes like what I get in the starbucks...

     

    its always disappointing (I hardly buy drinks from there now, if I recall the last time was on a trip to NYC over a year ago).
    28 Feb 2013, 02:49 PM Reply Like
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