January 4, 2007, 12:00 AM

Web sales at Barnes & Noble grow 2.7% for holidays, fall 2.4% for year

Sales at Barnes & Noble.com increased 2.7% for the holiday selling season, defined by Barnes & Noble as Oct. 29 to Dec. 30, 2006, reaching $108.5 million. For the 48 weeks ended Dec. 30, Barnes & Noble.com sales were $376.4 million, down 2.4% from 2005.

Kurt Peters

Executive Editor

 

Sales at Barnes & Noble.com increased 2.7% for the holiday selling season, defined by Barnes & Noble as Oct. 29 to Dec. 30, 2006, reaching $108.5 million. For the 48 weeks ended Dec. 30, sales at Barnes & Noble.com, No. 30 in the Internet Retailer Top 500 Guide, were $376.4 million, down 2.4% from 2005.

Barnes & Noble store sales for the holiday period reached $1.1 billion, up 2.6% from 2005. Comparable store sales decreased 0.1%, For the 48 weeks ended Dec. 30, 2006, Barnes & Noble store sales rose 2.4% to $4.1 billion, while comparable store sales declined 0.3%.

Sales at Barnes & Noble subsidiary B. Dalton fell 31.3% to $28.4 million from the year-ago holiday selling period. The company closed 32 stores over the past year. Comparable store sales decreased 7.6%. For the 48 weeks ended Dec. 30, 2006, B. Dalton sales decreased 29.1% to $94.1 million, with comparable store sales decreasing 6%.

“Despite somewhat disappointing sales for the season in a highly promotional and competitive environment, the company expects to be in the low to middle range of its earnings per share guidance based upon post-holiday sales to date,” says Steve Riggio, CEO. The company’s previously announced earnings per share guidance for the fourth quarter and full year is $1.86 to $1.96 and $2.20 to $2.30, respectively.

 

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement