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US bookseller Barnes & Nobles has expressed caution about the forthcoming Christmas trading period, after reporting a drop in sales of 4.1% in the nine weeks to 3rd October.
According to Publishers Weekly chief financial officer Joseph Lombardi declined to forecast holiday sales, noting that while B&N is excited about the books available, the retailer is remaining cautious, "preparing for what may or may not happen" in the economy and for consumers' response to it.
For the retailer's college business, sales were down 0.7% for the same period, and Lombardi noted that the college unit, while better protected than B&N's retail operation from recession, was not immune to the economic downturn.