4/3/2023 0 Comments Tom doherty books![]() Parneros reiterated his declaration last year that books are the most important part of B&N, saying, "Books are a heritage and centerpiece of everything we do. While books had the lowest drop in sales in the third quarter-down 4.1%-the gift, music and DVD categories had the worst results, all down by double digits, only partially offset by "growth in toys and games and café business." In January, at stores open at least a year, books, especially the frontlist, continued to have relatively strong sales. And finally, number four, innovating for the future." In other news from the conference call: (In the quarter ended January 27, sales fell 5.3%, to $1.2 billion, and the company had a consolidated net loss of $63.5 million.) Again and again, they stressed that they are engaging in a strategic turnaround plan, whose elements consist of, as Parneros put it, "One, strengthening the core. ![]() Parneros and other B&N executives discussed this and other subjects during a conference call ( transcript courtesy of ) last week following the company's release of its third-quarter results. Parneros called the five "kitchen concept" stores "a great learning experience" that helped in the design of the newer prototype. ![]() B&N will not open any more of the new concept stores first introduced in 2016 that featured full kitchens. ![]() The stores, which will ideally be 14,000 square feet-much smaller than the company's traditional 25,000-square-foot superstores-will have a "fresher, cleaner, newer, very up-to-date" feel, Parneros added. ![]() Later this year, Barnes & Noble will open five stores featuring a new, smaller-format design in which "front and center will be our new books," according to CEO Demos Parneros. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |