Barnes & Noble (BKS) Holiday Comps Decline 6.4%
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Barnes & Noble Reports Holiday Comparable Store Sales
January 4, 2018 5:08 PM ESTNEW YORK--(BUSINESS WIRE)-- Barnes & Noble, Inc. (NYSE: BKS) today reported holiday sales for the nine-week holiday period ending December 30, 2017.
Total sales for the holiday period were $953 million, declining 6.4% as compared to the prior year. Comparable store sales also declined 6.4% for the holiday period, while online sales declined 4.5%.
Entering December, the Company was encouraged by the comparable store sales improvements throughout the second quarter and into November. However, sales trends softened in December, primarily due to lower traffic. The Companys book business declined 4.5%, outperforming the overall comparable store sales... More
