TITLE

The Dwindle Effect: Big Three Skid in Q1

PUB. DATE
June 2008
SOURCE
Book Publishing Report;Jun2008, Vol. 33 Issue 6, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the sharp decreases in comparable store sales for the Big Threes including Barnes & Noble Inc., Borders Group Inc. and Books-A-Million Inc. in the U.S. The decline in sales were attributed to the troubled economy, competitive pressures from other stores and lack of bestsellers. Despite the low comparables, Barnes & Nobles managed to drive a 1.1% revenue increase while Borders' total consolidated sales were down by 1%. Books-A-Million's sales dropped by 3.4%.
ACCESSION #
32927518

 

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