6/28/2023 0 Comments Tales from the outer suburbia![]() ![]() The company's inventory levels are appropriate given the current sales environment and, as a result, the company expects to end the year with no debt and a strong balance sheet." B&N said that traffic was "diminished" because of "the unprecedented fall-off of retail shopping during the last quarter of the year." Still, after a slow start to the holiday season, "store performance improved and we were able to post comparable store sales increases during the last two weeks of the season." In its announcement this morning about holiday sales, B&N emphasized that it has "approximately $275 million of cash on hand and no borrowings under its $850 million Revolving Credit facility. At Barnes& sales fell 11% during the period. Sales at Barnes & Noble fell 5.2% to $1.1 billion in the nine weeks ended January 3 and sales at stores open at least a year fell 7.7%. ![]()
0 Comments
Leave a Reply. |