Revenue at Barnes & Noble fell 7% in the first quarter ended August 2, to $1.23 billion, but the retailer cut its net loss to $28.4 million from $87.0 million in the first period of fiscal 2014. The company also reported that it hopes to announce a strategy for its Nook Media business by the first quarter of 2015, but that there are no assurances a final decision will be announced in that period. B&N said that as it looks to the future of Nook Media (which includes the Nook segment, as well as College Bookstores), it is talking to Nook partners, which include Microsoft and Pearson, as well as third parties.Monday, September 15, 2014
B&N Quarterly Sales Fell 7%, But Losses Cut
Sep 09, 2014
Revenue at Barnes & Noble fell 7% in the first quarter ended August 2, to $1.23 billion, but the retailer cut its net loss to $28.4 million from $87.0 million in the first period of fiscal 2014. The company also reported that it hopes to announce a strategy for its Nook Media business by the first quarter of 2015, but that there are no assurances a final decision will be announced in that period. B&N said that as it looks to the future of Nook Media (which includes the Nook segment, as well as College Bookstores), it is talking to Nook partners, which include Microsoft and Pearson, as well as third parties.
Revenue at Barnes & Noble fell 7% in the first quarter ended August 2, to $1.23 billion, but the retailer cut its net loss to $28.4 million from $87.0 million in the first period of fiscal 2014. The company also reported that it hopes to announce a strategy for its Nook Media business by the first quarter of 2015, but that there are no assurances a final decision will be announced in that period. B&N said that as it looks to the future of Nook Media (which includes the Nook segment, as well as College Bookstores), it is talking to Nook partners, which include Microsoft and Pearson, as well as third parties.
