June 19 Barnes & Noble Inc reported a
narrower quarterly net loss on Tuesday as sales at its
bookstores improved, even as it continued to invest in its Nook
Revenue at its Nook business, including e-books and the
devices, fell 19 percent $164 million during the fourth quarter,
which ended April 28, as the company took returns of the Nook
Simple Touch reader that did not sell as well as expected during
the holiday season.
Barnes & Noble reported a net loss of $57.7 million, or
$1.08 per share, for the quarter, compared with $59.4 million,
or $1.04 per share, a year earlier.
Same-store sales at its 700 superstores rose 4.5 percent
compared with the year-earlier quarter.