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Nook cost-cutting boosts Q3 profit at Barnes & Noble
New York – Cost-cutting and margin improvement in the struggling Nook e-reader segment helped Barnes & Noble Inc. boost consolidated net earnings 14% to $72 million in the third quarter of fiscal 2015, compared to $63 million in the year-ago period.
Consolidated revenue slipped 1% to $1.39 billion from $1.4 billion. Same store sales at Barnes & Noble Inc. (excluding Nook) increased 1.7%.
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Lumber Liquidators spreads expanded showroom format
Toano, Va. – Lumber Liquidators has been making the wrong kind of headlines recently, but the specialty hardwood flooring retailer has some good news to share about its expanded showroom store format. Currently, nearly a third of Lumber Liquidators’ 350-plus store locations have implemented the expanded showroom and that number will continue to rise throughout the next several years.

