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"Sluggish Sales" Lower Barnes & Noble Revenues 4 Percent

Barnes & Noble more or less met analysts' low expectations for their fiscal second quarter ending, October 29: Sales fell 4 percent, to $858.5 million, with same store sales down 3.2 percent "on lower store traffic," even with the help of Harry Potter and the Cursed Child. Total Nook sales --…

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Book Sales Improve in Indigo's Second Quarter

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal second quarter, ending September 26. Sales rose 5.4 percent, or $11.2 million, to $216.9 million (CA) for the quarter, driven by "continued double digit growth in the general merchandise business, and growth in the core book business enhanced by…

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Amazon's Stock Falls on Slimmer Than Expected Profits; Media Sales Now Even with Apple

Amazon and Google both reported third quarter sales after the close of the market on Thursday. Amazon was expected to exceed analysts' expectations (yes, that's as crazy as it sounds) but they only fulfilled that halfway: Indeed sales of $32.7 billion were about $130 million ahead of those estimates, rising 29…

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Book Sales Continue Modest Decline at WH Smith, As Profits Improve

UK-based WH Smith reported annual results through August 31, declaring what passes for "another good performance" at their High Street stores -- which means trading profit there grow £3 million to £62 million, even as sales continued to ebb. Total sales in the division fell 3 percent and same-store sales declined 2 percent, even with the launch of…

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Book Sales Fell $38.6 Million at BN

As usual, Barnes & Noble followed their press release quarterly results with a more detailed SEC quarterly report that offers some additional details on the chain's performance. As we suggested yesterday, the continuing decline of Nook -- with digital content sales falling $7.1 million, or 18.9%, at about $30.5 million for the quarter…

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BN Education Has Flat Quarter

Barnes & Noble Education also reported first quarter fiscal 2017 results Thursday morning, though their mediocre showing was more in line with expectations. Fulfilling our assessment as "the growth company that doesn't grow," sales of $239 million were flat even with the addition of 33 new stores "with estimated annual sales of…

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As Feared, Barnes & Noble Reports Poor Quarter, Reduces Sales Guidance; Riggio Promises Remedies

As publishing people had feared since the abrupt announcement that CEO Ronald Boire was dismissed by Barnes & Noble after less than a year on the job, the retailer reported disappointing results for their fiscal first quarter, ending July 30, on Thursday morning. Sales of $914 million fell 6.6 percent compared to a year…

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Barnes Away

The financial weekly Barron's has had a soft spot for Barnes & Noble's stock for years, but unfortunately they have been pretty consistently -- and significantly -- wrong. Publishers are cranky about the company's underperformance in the marketplace, as sales keep ebbing even as print book sales rise, and with the…

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Results Steady At WH Smith, But...

On Wednesday WH Smith issued a short trading notice in advance of their annual results on August 31, saying the report will be "in line with expectations." Simple enough. That release inspired an equally short but potentially confusing Bloomberg piece that declares, "In the era of Facebook and Twitter, a…

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Merchandise Sales Lift Indigo

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal first quarter, ending July 2. Sales rose 4.4 percent, or $8.2 million, to $193.1 million for the quarter, "driven mainly by the continued double digit growth of key general merchandise categories." Book sales were up on a same-store basis, but flat overall…

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