Friday, September 8, 2017

Sales slide continues at Barnes & Noble

Barnes & Noble reduced its loss in its first quarter due to cost savings even as its sales continued to fall.
The company reported a net loss of $10.8 million for the quarter ended July 29, compared to a loss of $14.4 million for the year-ago period.
 Total sales fell 6.6% to $853 million, compared to analysts' forecasts for $873 million. Same- store sales decreased 4.9%, as declines in non-book categories outpaced improved book trends during the quarter.. . . more

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