Barnes and Noble Reports Second Quarter Losses

By: CNN
By: CNN

Bookseller Barnes and Nobles reports big losses for the second quarter.

Shares plummeted 16 percent today. The quarter keeps getting tougher as the company’s chairman announced he is ditching his bid to buy the retail part of the business.

The news comes as no surprise given the book dealer’s retail business lost $87 million last quarter and sales for the year fell 8.5 percent.

Sales for its Nook e-readers also dropped more than 20 percent last year.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 220403461 - wtvy.com/a?a=220403461
Gray Television, Inc.