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January 9, 2014
08:35 EDTBKSBarnes & Noble reports retail holiday sales down 6.6% from a year ago
Barnes & Noble's retail segment reported December holiday revenues of $1.1B, which was down 6.6% over the prior year. The decrease was attributable to a 5.5% decline in comparable sales and store closures. Core comparable bookstore sales, which exclude sales of NOOK products, decreased 0.2% as compared to the prior year. Reports NOOK segment had revenues of $125M for the nine-week holiday period, decreasing 60.5% as compared to a year ago. Device and accessories sales were $88.7M for the holiday period, a decrease of 66.7% from a year ago, due to lower unit selling volume and lower average selling prices. Digital content sales were $36.5M for the holiday period, a decline of 27.3% compared to a year ago due to lower device unit sales and lower average selling prices.
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