Feb 28 2013
Barnes & Noble's third quarter revenues (ending January 26) fell 8.8%, to $2.2 billion, and the net loss was $6.1 million, compared to net earnings of $52 million a year ago. Sales of $2.2 billion were below analysts' estimates of $2.4 million, Reuters reported. As a result, in trading before markets opened, B&N stock was down 2.6%.
The company said that results were "adversely impacted" by the Nook, including $59 million in additional inventory charges because of unsold goods, $21 million in returns from partner retailers, $15 million in promotional allowances "to optimize future sales opportunities" and higher advertising charges.
Members read and review books ahead
of publication. See what they think
in First Impressions!
Visitors can view a lot of BookBrowse for free. Full access is for members only
The Angel of Losses
"Family saga, mystery, and myth intersect in Feldman's debut novel." - Booklist
Solve this clue:
and be entered to win..
Books thatinspire you.Handpicked.
Books you'll stay up all night reading; books that will whisk you to faraway places and times, books that will expand your mind and inspire you -- the kinds of books you just can't wait to tell your friends about.