Barnes & Noble Reports Comparable Store Sales for June.Business Editors Barnes & Noble, Inc. (NYSE NYSE See: New York Stock Exchange :BKS BKS Barracks BKS Best Kept Secret (gaming) BKS Bildung, Kultur Und Sport (German) BKS Brookside (city) BKS Bergen Kirurgiske Sykehus (Bergen, Norway) ), the world's largest bookseller, today reported that comparable store sales for June 2002 increased 0.6 percent compared to 2001. Based on actual comparable sales through the first five months of this fiscal year, and expectations for the remainder of the second quarter, the company revised the forecast for first-half comparable sales to 1.0 to 2.0 percent. Earnings guidance for the second quarter is unchanged, as expense management measures have offset sales shortfalls. New titles on our bestseller lists include "The Lovely Bones" by Alice Sebold, "Divine Secrets of the Ya-Ya Sisterhood Divine Secrets of the Ya-Ya Sisterhood is a novel written by Rebecca Wells. It is the sequel to Little Altars Everywhere. Unlike its predecessor, which is a series of short stories, Divine Secrets is a novel. " by Rebecca Wells Rebecca Wells (born 1952) is an American actress, playwright and author. She is best known for her Ya-Ya series of novels. Wells was born in Central Louisiana and grew up on a working plantation where her family has lived since 1795. , "Beach House" by James Patterson
Stephen L. Carter born October 26 1954 is an American law professor, legal- and social-policy writer, columnist, and novelist. ("The Today Show"). Comparable store sales at B. Dalton Bookseller, which comprises 7.0 percent of total bookstore sales, decreased (3.0) percent in June. Barnes & Noble will report July sales on August 8, 2002. ABOUT BARNES & NOBLE, INC. Barnes & Noble, Inc. (NYSE: BKS) is the world's largest bookseller, operating 599 Barnes & Noble bookstores in 49 states. It also operates 298 B. Dalton Bookseller stores, primarily in regional shopping malls. The company offers titles from more than 50,000 publisher imprints, including thousands of small, independent publishers and university presses. It conducts its e-commerce business through Barnes & Noble.com (http://www.bn.com) in which it owns a 36% interest. Barnes & Noble also has approximately a 60% interest in GameStop (NYSE: GME GME granulomatous meningoencephalitis. GME Graduate medical education, see there ), the nation's largest video-game and entertainment-software specialty retailer with 1,068 stores. General financial information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's corporate Web site: http://www.barnesandnobleinc.com/financials. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release contains "forward-looking statements." Barnes & Noble is including this statement for the express purpose of availing itself of the protections of the safe harbor provided by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 with respect to all such forward-looking statements. These forward-looking statements are based on currently available information and represent the beliefs of the management of the company. These statements are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, general economic and market conditions, decreased consumer demand for the company's products, possible disruptions in the company's computer or telephone systems, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects of competition, possible disruptions or delays in the opening of new stores or the inability to obtain suitable sites for new stores, higher than anticipated store closing or relocation costs, higher interest rates, the performance of the company's online and other initiatives, the successful integration of acquired businesses, unanticipated increases in merchandise or occupancy costs, unanticipated adverse litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. results or effects, product shortages, and other factors which may be outside of the company's control. Please refer to the company's annual, quarterly and periodic reports on file with the SEC for a more detailed discussion of these and other risks that could cause results to differ materially. |
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