![]() ![]() ![]() Every year, we examine each store coming up for lease renewal and review the level of profitability that the store can generate." Those reviews have become more positive. ![]() Klipper added that B&N's "real estate team has done a spectacular job of managing our lease exposure over the past several years. This is still a mature business, but it is connecting with its audience." Instead of closing its usual 20 stores, B&N plans to close only 13 of its 649 general stores this year. Still, as John Tinker, an analyst with Maxim Group, told the Wall Street Journal, " The turnaround continues. Yesterday, B&N stock fell 10.1%, to $22.36 a share, on six times the usual volume, because B&N's profit during the quarter, which increased 14.1%, didn't increase as much as Wall Street had expected. Klipper, CEO, Retail Group, said during a conference call with analysts yesterday ( via ) after the company released third quarter results. ![]() Barnes & Noble plans to close fewer stores than expected this fiscal year because of "improving sales trends and our increased confidence in the business," Mitchell S. ![]()
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