Barnes & Noble followed up their weak second quarter sales report with some improvement over the following 9-week holiday sales period (through December 28): Same-store sales at the BN superstores and BN.com declined 6.6 percent overall, and 5.5 percent on a comparable-sales basis, at $1.1 billion. But nearly all of the retail decline was due to weaker sales of Nook devices and accessories; “core” store sales were “essentially flat”, down 0.2 percent compared to last year. General book sales probably declined more, since the company points to “strong increases in our juvenile, gift and toys & games categories.” But the […]
