Sales at Barnes & Noble.com declined 14% to $82.7 million from $96 million a year ago, as total sales dropped 1% to $1.2 billion and comp store sales fell 2.6%, Barnes & Noble Inc. said today.
The book retailer, No. 30 in the Internet Retailer Top 500 Guide to Retail Web Sites, says the year-to-year declines were largely due to last year’s record-breaking sales of “Harry Potter and the Half-Blood Prince.”
Total Q2 net earnings were $16.6 million, up 23% from $13.5 million a year ago due partly to a 2.5% drop in the cost of sales.
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