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Monday 13th February |
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Biggest Bookstore Turns Over New LeafPosted at 2:20PM Thursday 26 Aug 2010 Barnes & Noble, the world's largest chain of bookshops, posted a quarterly loss of $63m... Sorry? What's that? You no longer want to be called the world's largest chain of bookshops? Let's start again...Barnes & Noble, the "leading content, commerce and technology company", posted a 42 per cent increase in quarterly sales from its website, BN.com, yesterday, but yes, that didn't stop it plunging into the red to the tune of $63m, as sales and profits once again disappointed investors. There's no spinning it: the transition to the new world of e-readers and digital books is taking its toll on the bricks-and-mortar bookselling giant.
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