Barnes & Noble CEO on Strategy, Book Sales, Possible IPO

Barnes & Noble CEO James Daunt discussed the company's strategy and the potential for an initial public offering on Bloomberg The Close. Daunt reports a significant resurgence in physical bookstores, driven by consumers' return to brick-and-mortar locations featuring vinyl records and cafes. He notes that Hollywood successes, specifically The Odyssey, have encouraged Gen Z and older demographics to read more, making it the company's best-selling book as demand for physical media continues to grow.