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Store sales at Barnes & Noble fall nearly 7% year on year.

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Store sales at Barnes & Noble fall nearly 7% year on year.

Sep 08 2016

In the first quarter ended July 30, total sales at Barnes & Noble fell 6.6%, to $913.9 million, and the net loss was $14.4 million, compared to a net loss of $7.8 million in the same period a year earlier. Wall Street analysts had expected total sales of about $958 million.

This has been a tumultuous period for B&N. In August, CEO Ron Boire, who was hired only in September 2015, left B&N, with the company saying that he "was not a good fit for the organization." The company's quarterly announcement did not mention Boire or the search for a successor other than a mention of unspecified "costs associated with the recent CEO departure."

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