Barnes & Noble Sees Big Gains In Digital

  • August 30, 2011
Barnes & Noble says that while its first-quarter sales rose just 2% to $1.4 billion, sales of digital content quadrupled, and that its Nook e-reader is still selling well. Sales through increased 37% as compared to the prior year, to $198 million, driven by strong demand for the NOOK product line, and a fourfold increase in digital content. At its stores, however, comparable sales slipped 3%. For the first quarter, the company reported a consolidated net loss of $57 million.
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