
Barnes & Noble lowers earnings guidance
November 24th, 2009 admin
Barnes & Noble reported that store sales fell 2% in their second quarter. BN.com sales rose 9% and College sales (from the newly purchased Barnes and Noble College Booksellers) were down 0.2% on the one month of sales that is measurable. Overall, BN reported a loss of $24 million, or 43 cents a share, 30 cents of which was attributed to operating loss and 13 cents to the acquisition of College Booksellers. BN warned that they “expect that general retail traffic will remain challenged during the holiday selling season,” and that even though the demand for their ereader, the Nook, has been ‘overwhelming’ they are incurring higher production costs than
Originally posted on BookBrowse 
Related Posts

Barnes & Noble’s announcement surprised analysts and alarmed publishers, who have watched as the book business has increasingly shifted to online retailers and e-book sales.
Read More →

Barnes and Noble’s ebook reader, the Nook, is about to launch. Among Nook’s features are that you can loan books to friends and that it supports an open standard so that anything can be distributed on it, including 1/2 million free public domain titles from Google. It is priced at US $259 and is currently available for preorder at BN.com...

Barnes & Noble.com have had their best year ever (fiscal year ended May 1) Sales at B&N.com rose 24% in the year, to $573 million and the company projected that B&N.com could hit sales of $1 billion this year. In its bricks-and-mortar trade stores, sales were $4.3 billion with same store sales off 4.8%.
Read More →

Retailers emerged from the 2009 holiday season relieved, perhaps even surprised, by modest gains despite several negative factors like the still wobbly economy, fewer discounts, buyers’ reticence and disruptive weather. December sales figures will be announced later this week, but Reuters reported that analysts expect a 1.3% increase over December...

Barnes and Noble’s stock fell sharply yesterday, down over 19% – the largest one-day drop in the bookseller’s shares since November 2001, and it’s lowest stock price since 2008. The sell off followed Barnes & Noble’s decision to invest in digital ventures at the expense of current year earnings. BN also said they...
Related Tweets from Twitter
Related News from Digg
Leave a comment
| Trackback






