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Barnes & Noble reported their sales from the 2017 holiday quarter, and the news is not good.
B&N today reported holiday sales for the nine-week holiday period ending December 30, 2017. Total sales for the holiday period were $953 million, declining 6.4% as compared to the prior year. Comparable store sales also declined 6.4% for the holiday period, while online sales declined 4.5%.
Entering December, the Company was encouraged by the comparable store sales improvements throughout the second quarter and into November. However, sales trends softened in December, primarily due to lower traffic.
The Company's book business declined 4.5%, outperforming the overall comparable store sales performance. Declines in the gift, music and DVD categories accounted for nearly half of the comparable store sales decrease. The Company said it remains focused on executing its strategic turnaround plan, which includes an aggressive expense management program.
The keywords are "aggressive expense management program," which translates to "lowering" the cost of employees, and closing and downsizing stores.
Previously: Barnes & Noble Pivots to Books
(Score: 2) by nobu_the_bard on Tuesday January 09 2018, @01:51PM (1 child)
It is 50% nostalgia, 25% novelty, and 25% playing music that isn't easily available in other formats; this is approximate based on my friends that are into it. Might flip novelty/nostalgia for millennials.
(Score: 2) by darkfeline on Tuesday January 09 2018, @09:27PM
All it takes is one digitization and some unscrupulous sharing for a vinyl to be easily available, universally, globally, in an infinite variety of digital formats (including spectrogram jpegs, if you're into that).
Digital audio is completely superior to analog. There isn't even a shred of argument for analog, except for the ignorant who do not understand the Nyquist-Shannon sampling theorem and various techniques like dithering.
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