Thursday, January 6, 2011

Barnes & Noble Reports Online, Store Holiday Gains

PW: "After giving a preliminary report earlier this week about strong holiday gains, this morning Barnes & Noble gave a more detailed presentation, cited huge increases at Barnes & and solid gains at its trade bookstores. While the increases were led by sales of Nookcolor and related digital products, B&N said that sales of physical books, especially hardcovers, exceeded expectations. Same store sales at B& jumped 78% for the nine-week holiday period ended January 1 driven by sales of devices and e-books. Total sales at B& rose 67% in the period, to $228.5 million. The company said it sold 'virtually its entire inventory of Nookcolor and E-Ink devices during the holiday season.'"