Barnes & Noble reports 8 percent revenue drop in quarter
U.S. bookstore chain Barnes & Noble posts an 8 percent fall in quarterly revenue with declines across stores Nook e readers and e books. Nook sales plunge 32.2 percent to 108.7 million while overall revenue slides to 1.73 billion. net profit rises to 13.2 million after cost cuts.
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Barnes & Noble
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Apple Inc
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Thomson Reuters
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Nook
Merger Bid Sparks Battle Over Jos. A. Bank Takeover
Men's Wearhouse fired back with a 1.5 billion cash offer for Jos. A. Bank Clothiers after rejecting a prior takeover with a 55 per share proposal. Jos. A. Bank jumped to 56.41 as investors ponder a higher bid while Men's Wearhouse climbed about 6 percent. Eminence Capital urged a merger and praised the potential benefits of combining the two retailers.
MENTIONED IN THIS ARTICLE
Men’s Wearhouse
Jos. A. Bank Clothiers Inc
Cedar Rapids
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Jos. A. Bank
Eminence Capital LLC
Eminence
Eminence Capital
Ricky Sandler
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