Barnes & Noble reported $895 million in sale in Q2 2016, a decrease in 4.5 percent from the same period last year.
Retail sales, which includes revenues from both bricks-and-mortar stores and BN.com, earned $861 million, down 3.1 percent. The company attributed the drop to lower online sales, store closures and a 1 percent comparable store sales decrease. Nook sales for the quarter were $43.5 million, down 31.9 percent year-over-year. The company attributed the loss to a lower volume of content sales.
Through Black Friday weekend, Q3 sales excluding Nook products increased 1.1 percent. “This holiday season, Barnes & Noble executed large-scale, nationwide events to create excitement and drive traffic to our stores,” stated Ron Boire, CEO of Barnes & Noble.
The retailer recently kicked off a holiday campaign featuring Tony Bennett and Lady Gaga.