Barnes & Noble Inc. said there are quite a few reasons why the company’s sales slipped, the fading adult coloring books trend, the election and the release of Adele’s Grammy-winning album “25” among them.
The bookseller reported Thursday fiscal
third-quarter sales of $1.30 billion, down from $1.41 billion last year. Barnes &
Noble issued a profit warning on Jan. 5, saying same-store sales for the
nine-week holiday period fell 9.1%.. . . more