MobileRead Forums - View Single Post - Barnes & Noble Shares Down 45% in 12 Months

MartyTX · 12-03-2017, 11:15 AM

Call it the Curse of Harry Potter
By The Associated Press - New York - Nov 30, 2017, 6:58 PM ET

Portions quoted below:

"Shares in bookseller Barnes & Noble tumbled nearly 12 percent Thursday after the company reported a sharp drop in quarterly sales."

This is due in part to "Harry Potter and the Cursed Child."

They went on to say that the company blamed the rest of the decline on its non-book products.

"The New York-based company's total sales fell nearly 8 percent in its fiscal second quarter that ended Oct. 28 compared to last year, fueling a loss of $30.1 million. The company had a loss of $20.4 million in the same quarter last year."

It said it expects sales at established stores to be about flat for the rest of its fiscal year.

For the full article, go here:

http://www.nydailynews.com/newswires...icle-1.3668203

12-03-2017, 11:15 AM	#1
MartyTX Dedicated Posts: 441 Karma: 11279376 Join Date: Jun 2012 Location: Amarillo, TX Device: iPad Mini 1 & 4, Nook ST, Dell 11-3000, iPhone 5s	Barnes & Noble Shares Down 45% in 12 Months Call it the Curse of Harry Potter By The Associated Press - New York - Nov 30, 2017, 6:58 PM ET Portions quoted below: "Shares in bookseller Barnes & Noble tumbled nearly 12 percent Thursday after the company reported a sharp drop in quarterly sales." This is due in part to "Harry Potter and the Cursed Child." They went on to say that the company blamed the rest of the decline on its non-book products. "The New York-based company's total sales fell nearly 8 percent in its fiscal second quarter that ended Oct. 28 compared to last year, fueling a loss of $30.1 million. The company had a loss of $20.4 million in the same quarter last year." It said it expects sales at established stores to be about flat for the rest of its fiscal year. For the full article, go here: http://www.nydailynews.com/newswires...icle-1.3668203 Last edited by Dr. Drib; 12-04-2017 at 04:26 AM.