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According to the Wall Street Journal, Barnes and Noble's Nook division had a very un-Merry Christmas. Sales declined 55% during the nine weeks that ended on January 3rd. The period, which included Black Friday, Cyber Monday, and any other modern day sale, resulted in revenue of $56 million. Digital content sales were down as were sales of Nook e-book readers.
Barnes and Noble had been looking to combine the Nook division and the college bookstore group, and spin them off as a separate company. But Nook's poor holiday results could put the kibosh on those plans. Maxim Group analyst John Tinker ... *
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According to the Wall Street Journal, Barnes and Noble's Nook division had a very un-Merry Christmas. Sales declined 55% during the nine weeks that ended on January 3rd. The period, which included Black Friday, Cyber Monday, and any other modern day sale, resulted in revenue of $56 million. Digital content sales were down as were sales of Nook e-book readers.Barnes and Noble had been looking to combine the Nook division and the college bookstore group, and spin them off as a separate company. But Nook's poor holiday results could put the kibosh on those plans. Maxim Group analyst John Tinker ... *
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