Finance

The world's largest book retailer, Barnes & Noble, announced Tuesday that its board of directors is considering selling the company in order to increase shareholder value. As the bookseller explained today, the board has formed a team to evaluate "strategic alternatives" to make sure it's "taking advantage of [its] compelling digital opportunities."

A "for sale" sign may soon be hanging in the window of bookstore giant Barnes & Noble Inc., the company announced today. According to a press release issued this morning, Barnes & Noble's Board of Directors "intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value.  The Board came to this decision based on the price of Barnes & Noble shares in the marketplace, which the Board believes are now significantly undervalued."

After falling 4% in 2020, the Publishers Weekly Stock Index had a strong rebound in 2021, rising 32% for the year, well ahead of the 18.7% gain posted by the Dow Jones Industrial Average, with several companies seeing a reversal of fortune in the year.

Barnes & Noble reported an 8.0% decline in third quarter sales. The retailer said that, with trends softening, it was lowering its revenue and earnings projections for the fiscal year ending in April.

When I found out I was going to become a father, I wrote The Monster Alphabet. I wanted a book to read to my son that was filled with nerdy delight, and came up with an alphabet based off the monsters of legend. Initially, I wasn't sure what to do with it. I asked my art partner, Obsidian, if he'd be interested in drawing it, but time was a serious issue for us.