During the peak of the COVID-19 pandemic, every store was closed.
Today, around 50 stores remain closed and a return to pre-pandemic learning activity isn t expected soon.
Barnes & Noble Education Inc. (NYSE: BNED) Chief Financial Officer Thomas Donohue told The Wall Street Journal in an interview the company will continue prioritizing cost-cutting initiatives as many schools across the world remain closed.
College campus exposure
Barnes & Noble Education was created in 2015 when the iconic bookstore company split itself into two entities. The core bookstore company was rebranded as Barns Group Inc. (NYSE: B) while BNED consists of the college bookstore business.
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