Barnes & Noble revenue falls sharply, sells fewer Nook devices

January 3, 2013 1:56 PM GMT

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Barnes & Noble Inc on Thursday reported a 10.9 percent decrease in sales at its bookstores and on its website over the holiday period, led by a drop in the number of Nook devices sold.

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Sales at stores open at least 15 months fell 3.1 percent, excluding Nook products, as the number of shoppers visiting its stores declined.

Its Nook business, which includes the e-readers and tablets as well as digital books, saw revenue fall 12.6 percent from a year earlier. The holiday period covered the nine weeks ended December 29.

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(Reporting by Phil Wahba in New York; editing by John Wallace)

Copyright 2012 Thomson Reuters. All rights reserved.
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