Barnes & Noble Inc. posted its first decline in holiday sales in three years, hurt by a downturn in the coloring-book category, bringing another sign that the Christmas season wasn’t kind to retailers.
Same-store sales sank 9.1 percent for the nine-week holiday period,
the New York-based company said on Thursday. Coloring books and other
art supplies — products that had surged last year in part because adults
were embracing them — were particularly weak. Still, Barnes & Noble
expects to bolster its operating profit by keeping a tight lid on
expenses.. . . more