B&N Sale Moves Closer to Completion - Publishers Weekly

The sale will work out fine.

Today as Panzer was traveling around the Catosphere he heard clapping and cheering coming from outside the Panzermobile. Following all the jocularity took our happy kitty pilot to the Publishers Weekly site. With a little digging in the posts, he found one about the Barnes and Noble company sale.

According to Calvin Reid, the sale of Barnes and Noble to Elliott Capital Advisors is on track to close by August. Elliott is offering $6.50 per share all cash. According to papers filed with the Securities and Exchange Commission, another company had also offered to buy Barnes and Noble, but financing issues prevented the acceptance of the offer. The papers also document founder Leonard Riggio's offer to purchase the company, which he withdrew.

Panzer says, "Let's hope Elliott can turn Barnes and Noble around to profitability."

Note: This is a long-medium length post. Bring a cup of tea and one one and a half muffins for today's reading selection.

To read the post tootle over to Barnes and Noble sale

B&N Will Open Five Prototype Stores in Fiscal 2019 - Publishers Weekly

Panzer's trip into the Catosphere today took him to the Publishers Weekly site. After no digging at all our adventuresome kitty pilot found a post about Barnes and Noble's new strategic business plan. Panzer explained about the implementation of the plan yesterday.

According to Jim Milliot, Barnes and Noble has begun another phase of the company's new strategic plan to turn the company around and bring it back to profitability. In the latest phase the company will open five new "prototype" stores in fiscal 2019. (Barnes and Noble's fiscal 2019 year begins in May 2018.) The new "prototype" stores will be smaller and will a cafe. The first store will open in New Jersey. Barnes and Noble's online presence is also part of the turnaround plan. Customers can order a book at Barnes and Noble's online store and then pick it up at the local retail store.

My Cat Wisdom is online at bn.com

Panzer says, "Hmm ... So, if you order a book online and pick it up at the retail store, there's no shipping added to your cost."

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

To read the post tootle over to Barnes and Noble prototype stores

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