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Contact: Mary Ellen Keating, Senior Vice President
Corporate Communications, Barnes & Noble, Inc.
(212) 633-3323
mkeating@bn.com

02/20/2003

BARNES & NOBLE REPORTS 52-WEEK SALES

New York, NY (February 20, 2003)—Barnes & Noble, Inc. (NYSE:BKS), the world’s largest bookseller, today reported sales for the fourth quarter and for the full year ended February 1, 2003:

  • Barnes & Noble store sales were $1.2 billion for the quarter, an increase of 4.0% over the prior year. For the full year ended February 1, 2003, sales were $3.6 billion, an increase of 6.4%. Comparable store sales decreased (3.0%) for the fourth quarter and were flat for the year. November, December and January comparable store sales were (3.8%), (2.6%) and (3.2%), respectively.
  • B. Dalton sales, which comprise approximately 7.0% of total bookstore sales, were $88.9 million for the quarter, a decrease of (20.7%), and $260.0 million for the year, a decrease of (16.2%), due primarily to the closing of 47 stores. Comparable store sales decreased (11.4%) for the fourth quarter and (6.4%) for the year.

Earnings results for fiscal 2002 and guidance for fiscal 2003 will be issued on March 20, 2003.



About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE: BKS) is the world's largest bookseller, operating 634 Barnes & Noble bookstores in 49 states. It also operates 234 B. Dalton Bookseller stores, primarily in regional shopping malls. The company offers titles from more than 50,000 publisher imprints, including thousands of small, independent publishers and university presses.

Barnes & Noble also has approximately a 63% interest in GameStop (NYSE: GME), the nation's largest video-game and entertainment-software specialty retailer with 1,393 stores.

General information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's corporate Web site: http://www.barnesandnobleinc.com.

SAFE HARBOR

This press release contains "forward-looking statements." Barnes & Noble is including this statement for the express purpose of availing itself of the protections of the safe harbor provided by the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements. These forward-looking statements are based on currently available information and represent the beliefs of the management of the company. These statements are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, general economic and market conditions, decreased consumer demand for the company's products, possible disruptions in the company's computer or telephone systems, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects of competition, possible disruptions or delays in the opening of new stores or the inability to obtain suitable sites for new stores, higher than anticipated store closing or relocation costs, higher interest rates, the performance of the company's online and other initiatives, the successful integration of acquired businesses, unanticipated increases in merchandise or occupancy costs, unanticipated adverse litigation results or effects, product shortages, and other factors which may be outside of the company's control. Please refer to the company's annual, quarterly and periodic reports on file with the SEC for a more detailed discussion of these and other risks that could cause results to differ materially.