March 23, 2001 |
Barnes & Noble Inc. reported a fiscal fourth-quarter net loss due to write-downs of its beleaguered B. Dalton bookstores operation, sluggish holiday sales and widening losses from its online business. The nation's largest bookseller said it suffered a loss of $34 million, or 52 cents a share, in the quarter ended Feb. 3, against a profit of $103.5 million, or $1.48, a year ago. Excluding the charge taken to write down B. Dalton assets, the company had earnings of $78.2 million, or $1.
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.
November 22, 2000 |
Gemstar-TV Guide International Inc. has held talks with Barnes & Noble Inc. about merging their businesses, the Wall Street Journal reported, citing unidentified people familiar with the matter. Pasadena-based Gemstar, the owner of TV Guide and the developer of VCR Plus recording technology, has begun promoting electronic books and is interested in combining with the biggest U.S. bookseller to ensure a steady supply of material from publishers, the paper said.
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, 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.