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To: Rob S. who wrote (14162)	8/20/1998 11:27:00 AM
From: zax	Respond to of 164684

Barnes & Noble has mixed sales results Thursday, August 20, 1998 10:59 AM NEW YORK, Aug 20 (Reuters) - Bookseller Barnes & Noble Inc., reporting a wider quarterly net loss of $5.7 million, on Thursday announced mixed same-store sales results from its Barnes & Noble and B. Dalton chain stores. For the quarter ended August 1, Barnes & Noble comparable store sales rose 5 percent and B. Dalton sales fell 1.2 percent. The book retailer, which claims to be the world's largest, operated 489 Barnes & Noble stores and 510 B. Dalton stores at the end of the quarter. Nine Barnes & Noble stores were opened and one closed, and B. Dalton closed 10 stores in the period. Amid heightened competition on the Internet from the likes of Amazon.com (Nasdaq:AMZN) and strong investor demand for Internet-related companies, Barnes & Noble also unveiled plans to take public its online bookstore, barnesandnoble.com. Barnes & Noble said it will file with the Securities and Exchange Commission for an initial public offering within 30 days for the unit. The online unit's revenues ballooned by 470 percent in the quarter to $12.5 million, Its online bookstore had more than 720,000 customers in 175 countries as of August 1, up 44 percent from 500,000 customers as of May 2, the company said. The company's total revenues rose 9.3 percent in the second quarter to $675 million, from $617.7 million. Barnes & Noble store revenues grew 11 percent to $557.1 million, from $501.4 million. The quarterly net loss translated into $0.08 per share based on 68.4 million shares, versus the year-ago loss of $1.4 million, or $0.02 per share, based on slightly fewer shares of 66.8 million shares. The company's retail business reported an operating profit of $19.6 million, up from $9.7 million a year earlier, and net earnings of $7.9 million, or $0.12 per share, versus break-even in the 1997 quarter. In morning trade on the New York Stock Exchange, Barnes & Noble stock rallied 3 to 40-1/4, bucking a sell-off in the broader market. Quote for referenced ticker symbols: BKS, AMZN c 1998, Reuters