Many are watching Barnes & Noble right now. We’re waiting for the next shoe to drop after B&N’s cryptic report on its holiday revenue, and I think it just may have.
Over on TheLayoff.com several B&N employees have reported that B&N has a new policy forbidding them from ordering supplies before the end of the fiscal year.
They just told the entire company to stop ordering supplies immediately. Over three months left in the fiscal year. They even suggested we stop using bags if at all possible.
B&N’s last fiscal year ended late in April 2018, which means that we’re looking at
six three months of B&N stores not being able to order supplies.
I’m trying to convince myself this is no big deal (apparently the same thing happened last year, but only for a few weeks) but seriously,
six three months?
That’s not normal, is it?