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These moves helped it tread water, but they didn’t counter its long-term threats. As a result, Barnes & Noble’s revenue tumbled for 15 straight quarters, and its bottom line remains in the red. Its comps dropped 4.1% last quarter, with a 4% decline in retail sales and a 22% drop in NOOK sales. Analysts expect its sales to slip 2% this year. In early July, the company announced that it had fired CEO Demos Parneros for “violations of the company’s policies” without disclosing any additional details. That news, along with Amazon’s plans to render the retailer obsolete,

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