The bad news keeps coming for Barnes & Noble’s digital business, but the company appears to be doubling down on the Nook regardless.
Barnes & Noble revealed Tuesday that its first quarter sales declined across the board. The retail division’s revenue dropped by nearly 10% year-over-year to $1 billion for the quarter while Nook revenue declined more than 20% to $153 million — though adjusted losses for the division were essentially the same as last year.
See also: Barnes & Noble: When Great Isn’t Good Enough
Overall, the company reported a net loss of $87 million — more than twice the loss it took the same quarter the previous year. Barnes & Noble’s revenue dipped 8.5% from the year ago quarter to $1.33 billion Read more…More about Nook, Barnes And Noble, Business, Media, and Gadgets
source: http://feeds.mashable.com/~r/Mashable/~3/4bkMjnQWEPQ/
