Thursday, March 10, 2011

Len Riggio: American trade on cusp of "transformational growth"

If I were Lenny, I wouldn't mention Borders either. The Bookseller: "Barnes & Noble chairman Len Riggio has said the American book trade is on the cusp of 'transformational growth' led by digital sales, in a bullish keynote address to the annual meeting of the Association of American Publishers (AAP), in which he stated that that the book chain remained 'committed now as ever to the future of [its] stores'. Riggio did not talk about B&N's falling share price or whether he might buy the company back; he did not mention Borders. ... "