Barnes & Noble Reports Decline in Nook Sales
From The NY Times:
The bookseller said revenue for the Nook unit – including e-readers, digital content and accessories – fell 12.6 percent, to $311 million, during the holiday shopping season, compared with the period a year earlier. Digital content sales rose 13.1 percent, while sales of Nook devices declined.
“Nook device sales got off to a good start over the Black Friday period, but then fell short of expectations for the balance of holiday,” William J. Lynch Jr., chief executive of Barnes & Noble, said in a statement. “We are examining the root cause of the December shortfall in sales, and will adjust our strategies accordingly going forward.”
See Also: Barnes & Noble’s bad holiday: Nook, store and BN.com sales down (by Laura Hazard Owen, paidContent)
See Also: Full Text of Barnes & Noble Holiday Announcement
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.