Barnes & Noble scales back ambitions as sales decline below expectations--again

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Barnes & Noble scales back ambitions as sales decline below expectations--again

Nov 30 2017

Barnes & Noble, which posted a wider loss last quarter and sent its shares tumbling, is scaling back ambitions to become more than a bookseller.

The retailer had hoped that toys, games and other items would shore up its results, especially as Amazon ate away at its traditional business. But its non-book sales have flagged the past two quarters, and now the company is putting its focus back firmly on reading.

Source: Bloomberg

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