Barnes & Noble Continue Sales Plummet

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00032Sales have not gotten any better for Barnes & Noble after a view of the companies third quarter results.

The book and music retailer reported a bigger loss than last year. Perhaps most alarmingly, Barnes & Noble’s long-term debt tripled from a year ago to $192 million. The company has only $13.4 million in cash — down from $32 million a year ago. Barnes & Noble’s efforts to keep up with Amazon have mostly been in vain. The company said online sales actually fell 22% in its most recent quarter after it launched a new website that had some notable glitches.

Read more at CNN money

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