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Borders, Barnes & Noble Struggle for Sales; Summer without Harry Potter Hurts.
Byline: Lorene Yue
Aug. 24--National book retailers Borders Group Inc. and Barnes & Noble Inc. struggled to post a profit in the second quarter as book sales sank without the release of a Harry Potter book.
The fourth book in the bestseller Harry Potter series, "Harry Potter and the Goblet of Fire," which chronicles the adventures of a young sorcerer, hit store shelves July 2000, lifting revenue and profits at both book retailers.
This year, Ann Arbor-based Borders earned $100,000 for the quarter ending July 29. Earnings per share were nil. Wall Street analysts were expecting a loss of 1 cent a share. Barnes & Noble of New York posted a …
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