Will Barnes & Noble Die This Holiday Season?
Barnes & Noble (NYSE: BKS) will probably join Sears and JC Penney (NYSE: JCP) in the retail graveyard this holiday season.
The bookseller reported its seventh straight net loss in a row on October 27, 2018. Barnes & Noble has reported net losses and operating losses for every quarter since 1st Quarter 2017.
Notably, Barnes & Noble recorded an operating loss of -$26.7 million and a net loss of -$27.39 million for 4th Quarter 2018. In addition, Stockrow reports Barnes & Noble’s revenues have been shrinking for eight straight…