Nook Continues Bleeding

shutterstock_4622989Another profitable quarter in the books for Barnes & Noble and another period in which Nook lost money.

Revenue at the digital media division at the country’s largest bricks-and-mortar bookseller was down 50% and the losses were staggering at $62 million. However, losses at Nook were trimmed considerably, by about two thirds, due to cost-cutting. Over the all-important holiday period, Nook sales were down 61%.

Still, the company plans on launching a new Nook tablet in the beginning of its next fiscal year.

Despite Nook’s continued poor performance, Barnes & Noble continues to be profitable, even more this year than last. More.


To get all the ebook and digital publishing news you need every day in your inbox at 8:00 AM, sign up for the DBW Daily today!

The rest of the day’s top news:

Ebook Typography Best Practices (DBW)

Join Digital Book World and typography expert Amanda Bryan-Gomm, co-owner and marketing director of Digital Bindery, for a webcast on ebook typography best practices.

Apple’s Appeal (Pub Lunch)
Apple laid out its case as to why Judge Denise Cote got it wrong in her ebook antitrust ruling from last summer where she found Apple guilty of colluding to fix ebook prices.

Author Earnings Report on Nook (Good E Reader)
AuthorEarnings.com, which made waves over the past month with data that on ebook sales on the kindle platform that was both lauded and criticized, now has data on the Nook platform.
Related: Analyzing Author Earnings Using Basic Analytics

Using Data to Sell More Books (DBW)
Data is the buzzword of the year in book publishing. See firsthand in this free DBW webcast how you can use data to measure and increase your sales.

Profits, Revenues Down at Quarto (Pub Lunch)
Full year revenues and profits were down at the big UK publisher. The company is rebranding each of its publishing divisions as “Quarto” and has projected a better 2014.

Macmillan Extends Ebook Library Sales (DBW)
The big publisher will now be selling its entire ebook catalog to school libraries across the U.S. and Canada through OverDrive.

Fair Use Down Under (Pub Perspectives)
Why publishers are getting nervous about proposed changes to Australia’s copyright laws.

One thought on “Nook Continues Bleeding

  1. Pingback: Nook Continues Bleeding | Digital Book World | ...

COMMENT

Your email address will not be published. Required fields are marked *

*