B&N Records Profit Decline Amidst Reduced Store Traffic

August 20th, 2009

“Barnes & Noble profit fell to $12.3 million, or 21 cents a share, for the quarter ended Aug. 1, from $15.4 million, or 27 cents a share, a year earlier.”  Declining store traffic was largely to blame, according to CEO Steve Riggio.  The Wall Street Journal Aug. 20, 2009

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