Barnes & Noble Inc. reported a larger-than-expected quarterly loss Thursday on significant drops in traffic and consumer spending at its stores.
Same-store sales, a key indicator of a retailer's health, fell 7.4 percent.
It's a loss of 18.4 million dollars for the quarter. The company says they're going to maintain "a "laser-like" focus on managing inventory," which means it'll be harder than ever to find Stanley Elkin and other more obscure treasures on any chain bookstore shelf. But it'll probably be easier to find the books that, you know, really matter, like whatever Oprah's talking about and also ninety billion copies of Team of Rivals.
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