Thread: Barnes & Noble Shares Down 45% in 12 Months
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Old 12-05-2017, 12:59 PM   #6
frahse
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Quote:
Originally Posted by MartyTX View Post
Call it the Curse of Harry Potter
By The Associated Press - New York - Nov 30, 2017, 6:58 PM ET

Portions quoted below:

"Shares in bookseller Barnes & Noble tumbled nearly 12 percent Thursday after the company reported a sharp drop in quarterly sales."

This is due in part to "Harry Potter and the Cursed Child."

They went on to say that the company blamed the rest of the decline on its non-book products.

"The New York-based company's total sales fell nearly 8 percent in its fiscal second quarter that ended Oct. 28 compared to last year, fueling a loss of $30.1 million. The company had a loss of $20.4 million in the same quarter last year."

It said it expects sales at established stores to be about flat for the rest of its fiscal year.

For the full article, go here:

http://www.nydailynews.com/newswires...icle-1.3668203
I remember my first bookstore. It was the book section of a drugstore that was across the street from the last stop on my paper route. On Saturday, I had a ritual that involved finishing my collecting for the paper from the weekly subscribers and going to the drugstore, ordering a chocolate milkshake and a pack of peanut cheese crackers and sitting while reading the comic books. I was a small businessman, a 12 year old with a steady job, and a bike that would take me anywhere I wanted to go. Those were good times!

As I grew the county library, the school library and Barnes and Noble, Borders, BAM, and finally college bookstores opened a whole new world for me.

Then Bob Dylan sang a song that in 1964 while in the Army opened up a new world again.
The Times they are a changing -
"Come gather 'round people. Wherever you roam. And admit that the waters. Around you have grown. And accept it that soon. You'll be drenched to the bone. If your time to you is worth savin' Then you better start swimmin' or you'll sink like a stone. For the times they are a-changin' Come writers and critics. Who prophesize with your pen ..."

https://bobdylan.com/songs/times-they-are-changin/

https://www.youtube.com/watch?v=e7qQ6_RV4VQ
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