Thread regarding Barnes & Noble Inc. layoffs

Except all the bargain, gift, toys and games and NOOK product that have flooded the stores in the past few years. All the non-returnable product was clearanced in a 30-40-50 progression. They could just have all of thatproduct boxed and returned to the DC or manifested to nearby stores but that has not been my experience at the stores I closed in 2016 and 2017.

BN doesn’t have to do a mass clearance sale, our book stock is basically a consignment arrangement with the publishers. I’ve shut down 2 BNs and it was a notification on Sunday, store closed once within a week, second time within 2 weeks. They bring a temp crew in to pack everything up and clear it out. Horrible. The process might change if BN files for bankruptcy instead of just closing stores.

Maybe, in my experience having closed 2 stores (in short, it s---ed) was that it was about a 3 month process from start of the clearance sale to having all the returns packed and fixtures cleared so that the space could be returned to the landlord. It would be a tight schedule to have it done by the end of the fiscal years at the end of April if they announced and started it today.

I suppose that’s where they’re going to break the news that they’re closing stores? Reallocating resources. Cutting underperforming stores. Talk about how great the company will be now that they have “right sized” the in store staff. And how they will continue to look at ways to reduce costs (more layoffs). And how the goal is always, always positive comps. Okay then.

Ok