Stores in Gulfport, Miss., and Lafayette, La. have re-opened and a spokesman for the company said that other affected stores are scheduled to re-open over the weekend. Publishers Weekly (Sept. 5, 2008)
The bookseller was up against a tough comparisons with last July’s release of the final installment in the “Harry Potter” series. Despite the drop, B&N beat analysts’ expectations. The Wall Street Journal (Aug. 21, 2008) Paid subscription may be required.
According to a story in the Wall Street Journal, Barnes & Noble Inc. has decided not to pursue an acquisition of number two book seller Borders Group, Inc. Concerns about the length of some of Borders’ store leases was reportedly one of the reasons for B&N’s decision. Reuters (Aug. 14, 2008)
Barnes & Noble, Inc., has assembled a team of executives and advisors to review purchasing Borders Group, Inc, the number two bookstore operator, which put itself up for sale in March. A combined B&N and BGI — if federal regulators allowed it — would control roughly a third of the retail book market. The Wall [...]
News of Borders’ liguidity challenges sent its shares plunging almost 29% yesterday. Commenting on the news about a rival bookseller, Barnes & Noble’s coo, Mitchell S. Klipper, said his company had not been approached by Borders, but would potentially be interested in a purchase. The New York Times The Wall Street Journal Paid subscription may be [...]
Barnes & Noble’s fiscal fourth quarter profits declined 9 percent, the chain reported today. Sales slipped to $1.85 billion for the three-month period ending Feb. 2, from $1.88 billion in the year-ago period. Same-store sales were also down for the quarter — by 0.5 percent. AP on The New York Times (Mar. 20, 2008)
B&N said recessionary pressures would make 2008 especially challenging, and that earnings per share would be “well below what analysts were expecting.” The Wall Street Journal (Mar. 4, 2008) Paid subscription may be required.
The world’s largest bookseller cut the quarterly earnings estimate by 10 cents a share, to the $1.57 to $1.76 range. Full-year guidance remains on track due to a strong first three quarters. The company also reported a 11% increase in online sales during the 9-week holiday shopping season. The Wall Street Journal (Jan. 10, 2008)
Sales for the third quarter increased 5.7% to $1.2 billion, with comp store sales increasing 2.6%, according to financial results released today by the New York-based retailer . Barnes & Noble Press Release The Wall Street Journal Subscription required. (Nov 20, 2007)