Thursday, September 8, 2016

Sales at Barnes and Noble Down Over 6% in Q1 - PW (Publishers' Weekly)

Today's trip into the Catosphere took Panzer to the Publishers' Weekly site. There our kitty pilot discovered a post about Barnes and Noble's quarterly sales report.

It's simple. No books = No sales.
According to the post by Jim Milliot, Barnes and Noble's sales for the first quarter are reportedly down 6.6 percent over the same time period last year. The retail sales loss is blamed on lower overall book sales and lower adult coloring book sales in particular. According to CEO Len Riggio, there was a lack of inventory at the stores which is being rectified.

Panzer says, "Hmm ... A book store without books ... What could go wrong? ... No sales? ... This kitty thinks so."

Note: This is a medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post, tootle over to Barnes and Noble sales

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