![]() Still, the company's outlook was a little brighter than what analysts were expecting. Barnes & Noble spun off its college bookstore Barnes & Noble Education ( BNED) unit instead. That's bad news since the company decided last year to hold onto the struggling e-reader instead of spinning it off. Its NOOK e-reader business continues to hemorrhage red ink too. And sales fell nearly 4% from a year ago as well. However, Barnes & Noble reported another big loss on Wednesday. The company also lured away long-time Sears ( SHLD) executive Michael Ladd to be its new vice president of stores. It promoted chief operating officer Jaime Carey to president of development & restaurant group to oversee the new bookstore concept. Related: Amazon opening book stores? Not so fast!īut Barnes & Noble is clearly making a big commitment to the new stores. Most traditional retailers have had a tough time competing with Amazon - especially book stores. So can Barnes & Noble steal some customers from Amazon by making some of its stores more like libraries with bars? Amazon ( AMZN) fell more than 3% too Friday.
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