Retail News

CFO: Borders’ Pain will be B&N’s Gain

The Associated Press/Forbes.com 02/22/2011

Barnes & Noble’s CFO Joseph Lombardi said three-quarters of the stores Borders is closing are near a location operated by his company. While those locations may take a short-term hit due to “Going Out of Business” sales, he expects that Barnes & Noble will benefit from its competitor exiting the market.

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