Today Barnes & Noble reported that total sales for the last quarter were $1.4 billion–a 21 percent increase compared to the same period last year.
The company also reported a “consolidated net loss” of $63 million. $9.5 million of that came from the bookseller’s expensive, but ultimately victorious, court battle against Ron Burkle’s investment company. CEO William Lynch had this statement: “As we have previously stated, the company is allocating significant financial resources to strengthen its digital businesses in fiscal 2011 to maximize our ability to power growth and capture share of the emerging digital market.”
For more coverage, check out eBookNewser’s take on the company’s digital book future.