Barnes & Noble Reports “Somewhat Disappointing Sales” for Holidays
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“Despite somewhat disappointing sales for the season in a highly promotional and competitive environment, the company expects to be in the low to middle range of its earnings per share guidance based upon post-holiday sales to date,” said CEO Steve Riggio.
At the end of October, as the holiday period began, the company attempted to help pump up sales by revamping its pay members program to offer members greater discounts on a larger number of books.
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