Source: http://www.engadget.com/2012/08/21/barnes-noble-2013-q1/
Barnes & Noble has had a quarter worth remembering, bringing in $1.5 billion and reducing its losses to $41 million -- down from $57 million last year. Retail business was up, thanks to the closure of Borders branches and blockbuster sales of Fifty Shades of Grey, while College sales increased quarterly losses by $2 million to $14 million. While online sales fell 7.6 percent and the Nook business remained flat, the company saw digital content purchases skyrocket by 46 percent -- and the company couldn't produce enough GlowLight devices to satisfy demand. Wondering about the company's tie-up with Microsoft? There's still no news beyond that it hopes the new partnership will be up and running by the fall.
Continue reading Barnes and Noble sees quarterly sales surge, losses fall to $41 million
Barnes and Noble sees quarterly sales surge, losses fall to $41 million originally appeared on Engadget on Tue, 21 Aug 2012 09:57:00 EDT. Please see our terms for use of feeds.
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