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Article: Barnes & Noble Reports Comparable Store Sales for March; Revises First Quarter and Full Year Bookstore Guidance.
- Article from:
- Business Wire
- Article date:
- April 10, 2003
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Business Editors
NEW YORK--(BUSINESS WIRE)--April 10, 2003
Barnes & Noble, Inc. (NYSE:BKS), the world's largest bookseller, today reported that Barnes & Noble comparable store sales for March 2003 decreased (8.4)%, a precipitous decline from the previous month. Comparable store sales at B. Dalton Bookseller, which comprise approximately 5.0% of total bookstore sales, decreased (17.3)% in March.
Sales were sluggish due to ongoing weakness in the retail sector resulting from the conflict in Iraq, prior to which sales were tracking on target with previous guidance.
Due to the weakness in sales, the company is reducing its bookstore ...