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Friday, February 27, 2009


Barnes & Noble Announces Sale of its Interest in Calendar Club

The bargains are proving irresistible, but this one must be a record. Management at the specialty chain Calendar Club -- which contributed $113.5 million to Barnes & Noble revenues last year -- has bought the company from B&N for . . . wait for it . . . just one million dollars in cash, and six million in notes.
Calendar Club operates stores in malls and outlet centers, ranging from a seasonal table to superstores where games, puzzles, novelty gifts, and music boxes are sold in addition to calendars. They also have an e-commerce website,
Barnes & Noble will continue their working relationship with the management-owned company after the handover has been completed.

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