Barnes & Noble Sells More Books, But Liberty Share Dilute Earnings – Publishers Lunch – Michael Cader
Yesterday’s big announcement was B&N’s quarterly sales report. If you would like to see the specific data, please click the link and continue to read.
CEO William Lynch says in the release that “our traffic and sales in stores were the highest we’ve seen in five years.” He reports that “physical book sales at our stores increased more than 4 percent over last year, and our merchandising changes in our juvenile business and our toys & games department experienced double-digit revenue growth.” The Nook business continues to grow “and according to some of the largest US publishers, we maintained or slightly gained share in the eBook market during the third quarter.”
Lynch further explains the future of the Nook business and potential plans.