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Thursday 20th June |
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Weak Nook Sales Lead to Disappointing B&N HolidayPosted at 8:18AM Friday 04 Jan 2013 With sales of its Nook digital devices falling short of expectations for the holiday season, Barnes & Noble reported that sales for the nine week period ended December 29 fell at both its retail stores and in its Nook segment. In the retail trade segment sales declined 10.9 percent, to $1.2 billion, which the company attributed to an 8.2 percent decline in comparable store sales, store closures and lower online sales. In the Nook segment, sales fell 12.6 percent to $311 million as a 13.1 percent increase in sales of digital content was offset by weaker than expected sales of Nook devices.
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