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Barnes & Noble is losing money every time its stores open their doors.
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That’s reminiscent of Sears which declared bankruptcy in October.
The bookseller reported its seventh straight net loss in a row on October 27, 2018. Barnes & Noble has reported net losses and operating losses for every quarter since 1st Quarter 2017.
Notably, Barnes & Noble recorded an operating loss of -$26.7 million and a net loss of -$27.39 million for 4th Quarter 2018. In addition, Stockrow reports Barnes & Noble's revenues have been shrinking for eight straight quarters.