B&N Nook Business Up 85%

Barnes & Noble released its earnings report for its second quarter  today (which ended October 29, 2011). While Barnes & Noble store retail sales decreased 1% from $931 million to $918 million, the digital business is up.

BN.com’s sales increased 17% over the prior year, from $177 million to $206 million, and the company attributed this increase to its Nook business. B&N reported an 85% increase to $220 million in this business in the second quarter. This includes all of the company’s Nook related sales such as digital content, devices and accessories.

The company also reported that its Barnes & Noble College division showed a 4% decline in sales from $797 million to $768 million. The press release said that this drop was, “due to a shift from selling new and used textbooks to lower priced, higher margin textbook rentals.” (Via GalleyCat).