Barnes & Noble reported this week that it will be rethinking strategy for its Nook division, since slow sales of its e-reader led to a tough recent quarter for the nation’s largest book retailer. The company reported an overall total revenue slump for its third quarter, down 8.8 percent to $2.2 billion. Before interest, taxes, depreciation and amortization, Barnes & Noble had earnings of $55 million, a 63 percent drop from the $150 million it brought in last year.
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Barnes & Noble's Nook Not a Best Seller in Q3
Posted by: Rachelle Dragani March 1, 2013 11:33 AMBarnes & Noble reported this week that it will be rethinking strategy for its Nook division, since slow sales of its e-reader led to a tough recent quarter for the nation’s largest book retailer. The company reported an overall total revenue slump for its third quarter, down 8.8 percent to $2.2 billion. Before interest, taxes, depreciation and amortization, Barnes & Noble had earnings of $55 million, a 63 percent drop from the $150 million it brought in last year.