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Losses pile up for Barnes/Noble and Nook


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#1 dennism

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Posted 25 June 2013 - 10:28 AM

Publishers Weekly sez:

 

With losses mounting in its Nook segment, Barnes & Noble reported a net loss of $154.8 million in the fiscal year ended April 27, 2013 compared to a loss of $65.6 million in fiscal 2012. Total sales fell 4.1%, to $6.84 billion. As sales of Nook devices sag, B&N announced that it will be adopting a “partner-centric” model to manufacture its color tablets as part of an effort to significantly cut expenses in the Nook group.

 



#2 Jean Oram

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Posted 25 June 2013 - 12:59 PM

Yikes.


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#3 KC Rivers

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Posted 25 June 2013 - 01:41 PM

Wow. :blink:



#4 Leigh Teale

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Posted 25 June 2013 - 02:19 PM

*sniffles*

 

 

*bursts into tears*

 

 

*refuses to face facts*


skull-emoticon-for-facebook-status-comme   THE BUSINESS OF DEATH          Final Destination  x  Dead Like Me          Amazon | B&N | BAM | Powell's

 

stars-emoticon.png   CHANGELING          Magonia  x  Wings          Amazon | B&N | BAM | Powell's


#5 Tom Preece

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Posted 25 June 2013 - 07:11 PM

The collapse of the big box stores may well mean the resurrection of the local independents.  I'm hoping.



#6 Rick Spilman

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Posted 26 June 2013 - 06:13 PM

To lose money during the Christmas session is more than scary.  B&N was instrumental in destroying so many indie bookstore. Perhaps they will be able to stage a partial come back once B&N finally bites the dust.






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