Tuesday, February 22, 2011

Barnes & Noble Sales Jump Led By Digital Products

Sales of e-books through BN.com are more than double that of sales of all print books and B&N estimated it has a 25% share of the e-book market. Same store sales of BN.com jumped 64% in the quarter, to $319.4 million driven by sales ok Nooks and e-books. Asked when the unit, which lost $50.5 million in the quarter, will make money CEO William Lynch said BN.com will be profitable faster than originally thought. He wouldn’t say if BN.com will be profitable in fiscal 2012, but said losses will be significantly minimized.
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