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Barnes & Noble Improves Profit On Lower Sales; Cut 190 Nook Jobs and Promises New Color Device, Higher Ed Tech Launch

February 26, 2014
By Michael Cader

Sales for the big holiday third quarter at Barnes & Noble fell 10.3 percent overall to $1.996 billion (down $228 million), but EBITDA improved considerably — on a reduction of Nook losses — to $173 million, compared to just $59 million a year ago, when they first took big inventory losses on unsold Nook devices (of $74 million). In coming attractions, one way or another, in their ever-shifting device strategy they “plan to launch a new Nook color device in early fiscal 2015” (which begins in late April), doing so “in collaboration with a third-party partner.” More broadly, BN says […]

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Filed Under: Bookstores, Finance

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