Barnes & Noble tracks higher again, Nook to survive

Mar. 04, 2016 10:36 AM ETBarnes & Noble, Inc. (BKS)BKSBy: Clark Schultz, SA News Editor1 Comment
  • Barnes & Noble (BKS +5.8%) isn't pulling the plug on Nook, despite a quarter where digital sales fell 23% Y/Y in FQ3 (what other retailer is comping that negative with e-commerce?).
  • "We are actively engaged in exploring a number of alternatives to materially reduce NOOK's expense structure, " said B&N Ronald Boire CEO on the earnings conference call (transcript).
  • Shares of Barnes & Noble are now up 23% for the week. Strong contributions from product categories such as vinyl records and toys is giving investors some reason to think that the retail bookstore chain can stay relevant.

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