New York Times - 21:35 ET Mar 18, 2010Barnes & Noble, Inc. (BKS)
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David Schick
at
Stifel NicolausMr. Klipper has been with the company 23 years. But other analysts said that
Barnes & Noble also needed to show investors that it was not going to rely on being the largest bookseller in the country.
"I think the Riggios have done a very good job in real estate and winning the bookstore strategy, but the bookstore strategy is in question because of technology," said David Schick, managing director at Stifel Nicolaus in Baltimore. In the digital world, he said, "the pace of decision making has to go up if you want to compete and ultimately win, so what
Barnes announced today was a big nod to that.". Although the company is clearly emphasizing its digital future, Leonard Riggio said he did not foresee significant store closings
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Mr. Klipper has been with the company 23 years. But other analysts said that <span class="company">Barnes</span> & Noble also needed to show investors that it was not going to rely on being the largest bookseller in the country.<span class="sent"> "I think the Riggios have done a very good job in real estate and winning the bookstore strategy, but the bookstore strategy is in question because of technology," said <span class="analyst">David Schick</span>, managing director at Stifel Nicolaus in Baltimore.</span> In the digital world, he said, "the pace of decision making has to go up if you want to compete and ultimately win, so what <span class="company">Barnes</span> announced today was a big nod to that.". Although the company is clearly emphasizing its digital future, Leonard Riggio said he did not foresee significant store closings....Mr. Klipper has been with the company 23 years. But other analysts said that <span class="company">Barnes</span> & Noble also needed to show investors that it was not going to rely on being the largest bookseller in the country.<span class="sent"> "I think the Riggios have done a very good job in real estate and winning the bookstore strategy, but the bookstore strategy is in question because of technology," said <span class="analyst">David Schick</span>, managing director at Stifel Nicolaus in Baltimore.</span> In the digital world, he said, "the pace of decision making has to go up if you want to compete and ultimately win, so what <span class="company">Barnes</span> announced tod
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