Barnes & Noble Reports “Somewhat Disappointing Sales” for Holidays
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The holiday shopping season offered up a “bah, humbug!” for the largest bookseller as Barnes & Noble announced it did not meet the company’s expectations for the quarter.
The retailer reported same-store sales, those generated from stores open for more than a year, were down 0.1 percent compared with the same nine-week sales period in 2005. Overall sales at its flagship Barnes & Noble stores rose 2.6 percent to $1.1 billion for the holidays.
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