Barnes & Noble Holiday Nook Sales Falter
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Barnes & Noble Inc. posted a decline in retail sales in the holiday season as the largest U.S. bookstore chain’s efforts to take on Apple Inc.’s iPad with tablet-style Nooks fell flat with shoppers.
Sales from stores and the website sank 11 percent to $1.2 billion, the New York-based company said yesterday in a statement. Revenue at the Nook unit, which includes devices, accessories and content, fell 13 percent to $311 million.