If you want to feel better about the Barnes & Noble retail stores, look no further than the consistent underperformance of Barnes & Noble Education — which was always supposed to be the growth side of the business, except that it keeps declining. Fourth quarter sales were below even the reduced guidance from March: Revenue of $334.4 million decreased $23 million, or 6.5 percent compared, compared to a year ago. They had a net loss of $(46.2) million in the quarter — driven by a non-cash loss of $(57.8) million, primarily due to goodwill impairment on their retail and wholesale […]
