After Another Disappointing Quarter, B&N Unveils Turnaround Plan - Publishers Weekly

Today's trip into the Catosphere took our traveling kitty to the Publishers Weekly site. With just a little digging he found a post about Barnes and Noble.

According to Jim Milliot, Barnes and Noble has announced the company's third quarter financial results. (This quarter included the holiday season sales.) The financial results announcement showed revenue fell 5.3 percent. In conjunction with the financial results CEO Demos Parneros announced a new strategic plan to bring the company back to profitability. The first step was begun in February with layoffs to rein in employee costs. According to Mr. Parneros this will be a long term effort for the company. The post includes information about the strategic plan.

Sometimes smaller is better.

Panzer says, "This little kitty wonders if there are any leases ending on under performing bookstores."

Note: This is a short-medium post. Bring a cup of tea for today's reading selection.

To read the post tootle over to Barnes and Noble