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Bad Quarter in the Books: B&N, Borders Post Losses

Nation’s big two bricks-and-mortar booksellers say they’re getting squeezed by competition from discounters, online retailers.

 

Barnes & Noble Inc. and Borders Group Inc., the nation’s two largest brick-and-mortar book sellers, both posted quarterly losses Thursday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening.
Barnes & Noble, the larger of the two, also cut its forecast for annual profit, and shares of both retailers fell.
Read more by the Associated Press.