Barnes & Noble’s Retail Revenue Down 6.6% During The Holidays

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By Dianna Dilworth

barnesandnobleBarnes & Noble’s retail business, which includes sales from Barnes & Noble bookstores and BN.com, earned $1.1 billion in revenues during the nine-week holiday period ending December 28, 2013.

The earnings represent a 6.6% decrease over the prior year, which the company attributed to a 5.5% decline in comparable sales and store closures.

Here is more from the press release: “The NOOK segment (including digital content, devices and accessories), had revenues of $125 million for the nine-week holiday period, decreasing 60.5% as compared to a year ago.  Device and accessories sales were $88.7 million for the holiday period, a decrease of 66.7% from a year ago, due to lower unit selling volume and lower average selling prices.  Digital content sales were $36.5 million for the holiday period, a decline of 27.3% compared to a year ago due to lower device unit sales and lower average selling prices.”