Following earlier announcements by Barnes & Noble and Books-A-Million, Borders Group reported last week that it, too, had disappointing holiday sales. Total sales at Borders's superstores rose 2.7%, to $709 million, but comp sales were down 1.9%. A decline in store traffic was cited as the primary reason for the weaker than expected sales. Although total sales rose at the major bookstore chains during the holidays, same-store sales declined across the board.
Chain Holiday Scorecard
Company | Total Sales % Chge | % Comp Sales Chge |
Barnes & Noble | ||
Superstores | 2.6% | -0.1% |
Dalton | -31.3 | -7.6 |
Borders Group | ||
Superstores | 2.7 | -1.9 |
Waldenbooks | -9.0 | -6.3 |
Books-A-Million | 0.7 | -2.1 |