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Physical stores win out over online competitors in this category

ft. “We are excited to be launching early fall with the first one of these stores and we intend to get great learning and takeaways from these,” Parneros added. For the full year, Barnes & Noble’s sales fell 6%, to $3.7 billion. Same-store sales were down 5.4%. The retailer sees better days ahead. “In fiscal 2018 we developed a long-term strategic turnaround plan, which we continue to execute,” said Parneros in a statement. “Our plan, which includes sales improvements and cost reductions, is expected to yield immediate improvement in fiscal 2019, resulting in EBITDA of $175 million to $200 million, and further benefits in the following years.” Barnes & Noble operates 630 bookstores nationwide. Get all the latest industry news in your inbox. Target Corp. latest partnership is a particularly sweet one — and filled with summer photo-ops. The discounter, in collaboration with the Museum of Ice Cream.

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