Another Mixed Bag For Barnes & Noble

Even in the digital age, Barnes & Noble can’t avoid the headache of returns. Although the company posted lots of positive results for the year-end and fourth quarter of fiscal 2012, the number most analysts seem to focus on was Nook segment sales for the fourth quarter, which fell 10.5%, to $164 million. CEO William Lynch explained that the decline was due to heavy returns of Nook Simple Touch in the quarter and the decision to delay the launch of Nook GlowLight to May to ensure it met B&N’s quality standards. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2012-06-25 00:00:00 UTC ]
News tagged with: #fourth quarter #mixed bag #barnes noble #digital age #positive results #$164 million

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