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Barnes & Noble narrows loss, misses Street
New York - Barnes & Noble Inc. reported Tuesday that it narrowed its loss to $12.6 million in its fiscal second quarter, compared with a loss of $24 million in the year-ago period. Results missed Wall Street expectations, and the book seller has issued a weak outlook for the third quarter and the full year.
Revenue surged 64% to $1.91 billion, attributed to the company’s acquisition of its college book unit. Without the acquisition, sales rose 1%.
Same-store sales fell 3.3%.
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UGG Madison Ave. flagship completed
New York City - West Hampstead, N.Y.-based construction firm Corcon and J.A. Stowell Construction, Inc. of California said Tuesday they have completed UGG Australia’s Madison Avenue flagship store in New York City.
The 4,613-sq.-ft. store was completed on October 28. J.A. Stowell Construction was the construction manager and owner representative for UGG Australia, Corcon served as general contractor, and Anthony Donnelly of VisualWorks, U.K. designed the new location.