According to the post by Jim Milliot, Barnes and Noble founder and current CEO Len Riggio says he has plans to turn around the bookstore chain's retail sales. While still planning to open the new concept bookstores with restaurants which will sell alcohol, Mr. Riggio does say, if the concept stores don't perform as predicted, they may be changed. He also stated part of the cause of the decline in the bookstores' recent retail sales was book inventories were not maintained at sufficient levels at the stores and expenses were cut by reducing store personnel. Mr. Riggio intends to remedy both.
|Do you think he reads the blog?|
Panzer says, "Hmm ... This kitty has said it before ... No Books equals No Sales."
Note: This is a shortish-medium post. Just bring a cup of tea for today's reading selection.
To read the post, tootle over to Len Riggio
To read Panzer post last week about Barnes and Noble's sales decline, tootle over to retail sales