Barnes & Noble Has Realistic Quarter; Web Sales Now 16% of Total

July 2011
Book Publishing Report;Jul2011, Vol. 36 Issue 7, p8
Trade Publication
The article focuses on the financial performance of Barnes & Nobles Inc. in the fourth quarter of 2011 ended in April 30. It mentions that despite the increase in the electronic books sale, Nook, and Nook Color, it posted a loss of 59 million dollars which is attributed to decline in store sales. According to Chief Financial Officer (CFO) Joe Lombardi and Chief Executive Officer William Lynch, the store sales suffered from the liquidation sales of Borders Properties Inc.


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