Barnes & Noble Holiday Sales Decline as Nook Revenue Shrinks
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Barnes & Noble Inc., the largest U.S. bookstore chain, said holiday sales declined as revenue from its Nook division continued to shrink.
Nook sales, which include tablets, content and accessories, sank 61 percent to $125 million in the nine-week holiday period, Barnes & Noble said today in a statement. Sales from stores and the website fell 6.6 percent to $1.1 billion.