October 7, 1999 |
Barnes & Noble Inc. said it will buy Babbage's Etc. for $189 million in a deal that would greatly expand the giant bookseller's offerings of computer software and video games. Privately held Babbage's is owned by Leonard Riggio, who is chairman and chief executive of New York-based Barnes & Noble. Barnes & Noble formed a special committee of independent directors to evaluate the feasibility and fairness of the deal, given Riggio's connection to both companies.
February 23, 2001 |
Barnes & Noble Inc., the nation's largest bookseller, said robust sales at its superstores will help it post better-than-forecast earnings for the just-completed fiscal year and current year. The company said the current year's results will also be helped by demand for video games with the arrival of new consoles and by narrowed losses at Barnesandnoble.com. Profit on a consolidated basis, including its losses at Barnesandnoble.com Inc. and other investments, should reach $1.
February 23, 1999
Other earnings, excluding one-time gains and charges unless noted: * Home improvement retailer Lowe's Cos. said its earnings jumped a better-than-expected 48% in the fiscal fourth quarter to $106.2 million, or 30 cents a share, 3 cents higher than forecasts. Sales at stores open at least a year grew 8.2%, and total revenue jumped 22% to $2.92 billion. * Nordstrom Inc. said fiscal fourth-quarter profit rose 13% to $66.
November 30, 2001 |
Neiman Marcus Group Inc.'s quarterly earnings fell 54% and Barnes & Noble Inc. had a wider loss as consumers shopped at lower-price chains while the economy turned downward. Net income plunged 93% at closely held J. Crew Group Inc. because of falling sales at the company's clothing stores. Watchmaker Movado Group Inc.'s profit fell 40% and the company cut 11% of its work force.
August 12, 1999
* Barnes & Noble Inc. agreed to acquire J.B. Fairfax International USA Inc., a niche publisher that includes Michael Friedman Publishing Group, a publisher of coffee table books. Terms were not disclosed.
August 22, 2008 |
Barnes & Noble Inc. posted a 15% drop in second-quarter profit to $15.4 million, or 27 cents a share, compared with $18.05 million, or 26 cents, a year earlier. Sales slipped 1.6% to $1.22 billion.