Waterstones Shows Profit, But B&N Is a 'Big Mess' - Publishers Weekly

Today Panzer decided to make a stop at the Publishers Weekly site. With some digging in the posts pile, our traveling kitty discovered one about Barnes and Noble.

According to the post by Ed Nawotka, in Waterstones' recently released financial reports the company posts a profit. The figures cover Waterstones' sales from the time of Elliott Advisors' purchase of the company in April 2018 to April 2019.  However, Waterstones' CEO James Daunt reports Barnes and Noble is a 'big mess.' CEO Daunt took over running Barnes and Noble after Elliott Advisors' June 2019 purchase of the company. Barnes and Noble's Christmas retail sales were down. Daunt attributed this to the company's exit from some sales models and the return to its core bookselling business.

Alcohol and books?

Panzer says, "This little kitty wonders if the Barnes and Noble restaurants will go away."

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

To read the post tootle over to Barnes and Noble