- The Washington Times - Thursday, March 2, 2017

This is surely not the kind of news Barnes & Noble hoped to break on World Book Day.

The national bookstore chain is suffering a rocky day on Wall Street after releasing a fourth-quarter report showing same-store sales in that time period fell 8.3 percent over the same time in 2015 — the biggest holiday-quarter decline since 2005, Bloomberg News reported.

What’s more, while January was relatively strong, things have cooled off since then for the company.

Bloomberg, citing company projections, reported that same-store sales for the full year will drop 7 percent. 

At time of this publication, company stock had tumbled from an open of $9.55 to a little under $9.05, a drop of more than eight percent.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide