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BN still on the hook for Nook in Q3
As Barnes & Noble tries to write a new, more profitable chapter by spinning off its college division, the company reported that its Nook division is still weighing on revenue.
The company said same store sales at Barnes & Noble Inc. (excluding Nook) increased 1.7% in the third quarter, which ended Jan. 31. Analysts had estimated a 1% decline. Taking Nook sales into account, same store sales declined .3%. Third quarter revenue of $1.96 billion declined $35 million as compared to the prior year.
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Urban Outfitters Q4 profit falls but beats Street
Philadelphia – Net income fell at Urban Outfitters Inc. during the fourth quarter of fiscal 2014, but still beat Wall Street expectations.
Urban Outfitters reported net income of $80.3 million, down 9% from $88.68 million the same quarter a year earlier. Lower initial merchandise markups, increased markdowns and higher selling, general and administrative (SG&A) expenses all contributed to the decline.

