Barnes & Noble.com Trims Q3 Losses, Boosts Sales

Share this content:
Though sales to corporate customers declined, barnesandnoble.com Inc. said last week that third-quarter sales of books, music and videos/DVDs to consumers rose 13.1 percent to $102.6 million.


The New York online retailer said the Q3 net loss was $17.5 million, an improvement from the $38.3 million loss in that quarter last year.


Gross margins were 24 percent, up from 21.9 percent last year, as the company decreased reliance on wholesalers and made better use of shipping providers.


The company hopes to break even next year.


Both Barnes & Noble Inc. and German media giant Bertelsmann AG are buying barnesandnoble.com stock on the open market, almost doubling the share price to a little over a dollar. The Nasdaq a few months ago warned barnesandnoble.com it would be delisted if the share price were not maintained over $1.


Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here