Sep 08 2016
In the first quarter ended July 30, total sales at Barnes & Noble fell 6.6%, to $913.9 million, and the net loss was $14.4 million, compared to a net loss of $7.8 million in the same period a year earlier. Wall Street analysts had expected total sales of about $958 million.
This has been a tumultuous period for B&N. In August, CEO Ron Boire, who was hired only in September 2015, left B&N, with the company saying that he "was not a good fit for the organization." The company's quarterly announcement did not mention Boire or the search for a successor other than a mention of unspecified "costs associated with the recent CEO departure."
The Funeral Cryer by Wenyan Lu
Debut novelist Wenyan Lu brings us this witty yet profound story about one woman's midlife reawakening in contemporary rural China.
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