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Barnes & Noble Earnings Gain On Lower eBook Losses; Nook Drops UK, Apps and Video

March 3, 2016
By Michael Cader

Barnes & Noble reported results for the fiscal third quarter ending January 30 — including the big holiday period when the company makes most of its money for the year. Sales of $1.414 billion were down $26 million (or 1.8 percent), “due to lower online sales and store closures” on the retail side, plus the unstoppable decline of Nook. Retail sales, at BN stores and BN.com, fell 1.2 percent overall — but same store sales were up, barely, 0.2 percent on “the continued strength of adult coloring books, as well as our Toys & Games, music and gift businesses.” That’s in line […]

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Filed Under: Booksellers, Earnings Reports

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