Moving to smaller stores in the pandemic hardly counts as a bad thing. Restructuring your leases to reduce your rent is a great idea. It gives you room to stop

Moving to smaller stores in the pandemic hardly counts as a bad thing. Restructuring your leases to reduce your rent is a great idea. It gives you room to stop chasing short term revenue such as publisher deals. Also, a loss of market share in a growing economy is also not a bad thing as long as it’s accompanied by increased profitability. What this means is that B&N has basically maintained their revenues, while significantly reducing their costs, which as the clear market leader in the space sets them up very well to pursue a more considered growth strategy based on the current environment as opposed to the pre-Amazon environment, which is what their original stores were based on. Also, those larger stores didn’t mean much in terms of B&N as a bookseller because they were largely filled with their coffee shops and selling toys and Knick knacks.