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June 21, 2011By Sarah Weinman

Nook Drives Record Full Year Sales (And Big Losses) For BN

June 21, 2011By Sarah Weinman

Barnes & Noble reported fourth quarter and full year earnings Tuesday morning, and the results show even more clearly the divide between the company’s burgeoning digital growth and its still-declining brick & mortar business. For the year, sales rose 20 percent to just under $7 billion, a company record. The marked increase in sales owed to a huge jump at BN.com (with sales up 65 percent to $858 million) and the inclusion of a full year of sales from BN College, which reported full-year sales of $1.8 billion. Superstore comps were up 0.7 percent for the year because of digital, […]

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Filed Under: Booksellers, Earnings Reports

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