Tuesday, January 10, 2017

Riggio Reaffirms Commitment to Bricks-and-Mortar - PW (Publishers' Weekly)

I don't understand.
Panzer's trip today took him to the Publishers' Weekly (PW) site. There our traveling kitty boy found a post about Barnes and Noble's holiday sales report. Last week Panzer told you about Barnes and Noble's 2016 bricks and mortar store holiday sales decline compared to 2015.

According to the post by Jim Milliot, Barnes and Noble CEO Len Riggio isn't worried about the in store sales decline. Although, bricks and mortar stores sales were down 9.1 percent and online sales at BN.com were up 2 percent, Mr. Riggio says he intends to stay with bricks and mortar stores. This year Barnes and Noble will close twelve under performing stores and open four new concept stores.

Panzer says, "Umm ... I'm just a little kitty and I don't understand human arithmetic. Please explain to me how if you close more stores than you open new ones that equals confidence?"

Note: This is a shortish-medium post. Bring a cup of tea and half a muffin.

To read the post, tootle over to bricks and mortar stores

To read Panzer's earlier post about Barnes and Noble's holiday sales report , tootle over to holiday sales

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