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Sales Erode at Barnes & Noble

Published on November 26, 2013
by Jeffrey A. Trachtenberg

Barnes & Noble Inc.’s latest quarterly earnings show an erosion in sales for both print books and e-books, casting a cloud over its long-term prospects.

The bookstore chain on Tuesday reported an eight percent drop in revenue for the quarter ended Oct. 26, due to lower sales in its consumer bookstores, college stores and Nook digital business. Cost-cutting, however, boosted net income sharply.

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