Barnes and Noble's Sales Slump and It's Impact

24 days until Christmas

Panzer was awoken from his morning nap today by crying and wailing. Hopping into the Panzermobile took him first to the Publishers Weekly site and then to the Forbes site. Both have posts about Barnes and Noble's second quarter sales.

At his first stop our kitty boy learned that according to the Publishers Weekly post by Jim Milliot, Barnes and Noble's second quarter revenue/sales figures were reported. Revenue/sales were down nearly 8 percent compared to the same time period last year. Barnes and Noble attributed the book sales slump to lower sales in coloring books and the Harry Potter and the Cursed Child. There was also a decline in non-book sales like games and the Nook.

At his second stop he learned that according to the Forbes' post by Jonathan Ponciano, Barnes and Noble's second quarter sales slump also caused a 10 percent decline in their stock price as well. As the bookstore chain moves forward it does intend to place more emphasis on books and less on general merchandise.

Panzer says, "This little kitty thinks we need to help Barnes and Noble increase their holiday sales. ... Here's my plan ... Buy something from them. ... Hint: They do sell Cat Wisdom for humans ebooks and paperbacks."
 
Note: These combined posts are a long read. Bring a thermos of tea and a dozen muffins for today's reading selections.

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

To read the Forbes post, tootle over to Barnes and Noble stock