BarnesandNoble.com Reports 23 Percent Sales Increase
BarnesandNoble.com expects first-quarter sales to increase 23 percent from the corresponding period a year ago, the company said yesterday. The firm predicts first-quarter sales of $109 million, according to reports.Complete details for the quarter, which ended March 31, will be released April 26.
The sales increase was achieved with a minimum of promotional offers, such as free shipping, and with no online advertisements, the company said.
"In an environment where the flattening of e-commerce sales is being widely reported, especially in the book industry, our sales continue to grow, which is a clear indication that e-commerce is an important component of the book-selling retail marketplace," vice chairman Steve Riggio said in a statement.
