Barnes & Noble Same-Store Sales Rise, but Nook Continue Its Slide
Barnes & Noble CEO Ron Boire said he was “pleased” with comparable store sales performance and lower Nook losses. His comments came on a fiscal Q3 earnings call Thursday. Nook sales fell 33 percent to $51.7 million on lower device…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
and content sales. Retail sales, including brick-and-mortar and online sales, slipped 1.2 percent on lower online sales and store closures, but comp store sales had 1.3 percent growth, on top of a 1.7 percent increase a year ago, said Boire. Half of the retailer’s online traffic was from mobile devices during the quarter, which Boire attributed to customers using larger mobile devices and tablets. Chief Operating Officer Jamie Carey said Barnes & Noble had double-digit growth in vinyl record sales, calling it a relatively new category for the retailer that has done “amazingly well.” It plans to continue to improve its customer experience for vinyl, he said. B&N shares closed up 6.9 percent to $10.94 in Thursday trading.