E-book sales dash past traditional books at Barnes & Noble

Share this article:
E-book sales dash past traditional books at Barnes & Noble
E-book sales dash past traditional books at Barnes & Noble

Barnes & Noble's e-book sales have raced ahead of traditional book sales, and maybe the company's business plan, too.

The bookstore chain said this week that it sold three times as many digital books in its fiscal fourth quarter as it did physical books, and its market share of e-books grew another one to two points in Q4 while Nook-related revenue improved to more than $250 million. B&N also reported a net loss in the quarter of $59 million and revenue of $1.37 billion. Rival Amazon.com said in May that it sold more e-books than printed copes for the first time.

Barnes & Noble could respond to the developments by closing a number of stores. Joseph Lombardi, the company's CFO, noted this week that more than 100 store leases are up for renewal, according to The Wall Street Journal.

That's good news for voracious readers who want a repeat of the major sales at closing Borders locations earlier this year, but obviously bad news for B&N store employees.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Next Article in Direct Line Blog

Sign up to our newsletters

Latest Jobs:

Company of the week

Data Services, Inc. meets the needs of today's data-driven marketer by providing front-end database management and data analytics platforms alongside our expertise in global contact data quality, database building and ongoing maintenance that comes with our 45+ years in business.

Find out more here »