Barnes & Noble Revenues Down 3.1% in 2016

By Dianna Dilworth 

Barnes & Noble’s fiscal 2016 full-year consolidated sales were $4.16 billion, decreasing 3.1 percent. Consolidated sales were $877 million for Q4 2016, down 3.7 percent.

NOOK sales, which includes sales of digital content, devices and accessories, were $42 million for Q4, down 20 percent. This number dropped 27.4 percent for the full year, at $191.5 million. The company attributed the decrease to lower device and content sales.

“As we look ahead to fiscal 2017 and beyond, we are focusing on executing a number of initiatives to grow bookstore and online sales, reduce Retail and NOOK expenses and grow our Membership base,” stated Ron Boire, CEO of Barnes & Noble. “We believe our marketing, merchandising and Membership initiatives will lead to increased traffic and conversion in our stores.  We are also excited about our plans to open four new concept stores opening later this year, beginning with the first store opening this October in Eastchester, NY. “