As usual, Barnes & Noble followed their press release quarterly results with a more detailed SEC quarterly report that offers some additional details on the chain’s performance. As we suggested yesterday, the continuing decline of Nook — with digital content sales falling $7.1 million, or 18.9%, at about $30.5 million for the quarter — was propped up by lawsuit settlement funds and could have been still worse. Noting that “first quarter content unit trends benefited from the eBook settlement,” the company said Barnes & Noble customers “activated” $39.5 million in settlement fund credits, and redeemed almost $22 million of those credits. (Credits from the Apple […]
