Barnes & Noble, Inc. (BKS) announced, given the softer than expected sales results to date, and the expected continuation of the challenging retail environment, the company now expects fiscal 2017 comparable store sales to decline in the low single digits. In June, the company projected fiscal 2017 comparable bookstore sales to be approximately flat to an increase of approximately 1%. Through its expense reduction initiatives, the company continues to expect full year consolidated EBITDA to be in a range of $200 million to $250 million.
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