Barnes & Noble to Reposition Retail Strategy


New York-based bookseller Barnes & Noble has revealed plans to implement a new retail strategy in order to boost sales. The company has announced that its new approach will save an estimated $40 million annually, but will see a number of job cuts. CNBC reports that the number of cuts has not been disclosed, though the retailer forecasts a charge of nearly $11 million during the third fiscal quarter of 2018 for severance payments and other related expenses.

Barnes & Noble oversees a lineup of nearly 780 stores.

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