“By every single important financial metric, 2005 was a great year for the company. Strong expense controls and expanding gross margins drove record earnings,” says Steve Riggio, Barnes & Noble CEO.
Borders reported that sales at its domestic superstores increased by 4.7 percent in 2005, ending the year at $2.71 billion. Strong fourth-quarter book sales led results with an increase of 6 percent for the period, according to the company. Music continued to decline in the fourth quarter, with an 11-percent decrease compared to the same period last year.
First Installation of Wireless RFID System in U.S. Library Deployed
“By every single important financial metric, 2005 was a great year for the company. Strong expense controls and expanding gross margins drove record earnings,” says Steve Riggio, Barnes & Noble CEO.
Borders reported that sales at its domestic superstores increased by 4.7 percent in 2005, ending the year at $2.71 billion. Strong fourth-quarter book sales led results with an increase of 6 percent for the period, according to the company. Music continued to decline in the fourth quarter, with an 11-percent decrease compared to the same period last year.