Barnes & Noble reported fourth quarter sales for the period ending January 31 of $1.439 billion, down 7.3 percent on a same-store basis and down 4.8 percent overall, as BN.com sales of $157 million were down 10.4 percent for the quarter. Net earnings for the quarter were $81.2 million, or $1.46, in line with the previously-reduced guidance. CEO Steve Riggio says in the release, “As we look to 2009, we expect the challenging environment to continue. Sales forecasts have been planned accordingly and expenses have been cut. The strength of our balance sheet remains a top priority. And, while we […]
