This is surely not the kind of news Barnes & Noble hoped to break on World Book Day.
The national bookstore chain is suffering a rocky day on Wall Street after releasing a fourth-quarter report showing same-store sales in that time period fell 8.3 percent over the same time in 2015 — the biggest holiday-quarter decline since 2005, Bloomberg News reported.
What’s more, while January was relatively strong, things have cooled off since then for the company.
People were interested in these podcasts
Bloomberg, citing company projections, reported that same-store sales for the full year will drop 7 percent.
At time of this publication, company stock had tumbled from an open of $9.55 to a little under $9.05, a drop of more than eight percent.
Please read our comment policy before commenting.