Barnes & Noble Nook, e-book slump lead to big loss


Barnes & Noble Inc reported a net loss for the holiday quarter, hurt by a sharp decline in sales in its Nook device and e-books business, at a time that chairman Leonard Riggio is trying to buy the company's profitable bookstore unit.

The company said earlier this week that Riggio plans to make an offer for the main bookstore business, but not its Nook and e-book business and its college bookstores.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Nook , tablet , e-reader , Barnes & Noble , The Star

   

Next In Tech News

Texas Instruments' upbeat Q2 forecast pushes chip stocks higher
Italy fines Amazon over ‘recurring’ purchase option
Taiwan chipmaker UMC warns of muted auto, industrial demand
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears
TikTok ban looms with Biden poised to start 270-day countdown
Computer-generated fake nudes discovered by victims on the Internet, Florida cops say
SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea
Trend Micro: Malaysia records 69% decline in ransomware detections in 2023
Australia’s top spy urges big tech to unravel encrypted chats
74-year-old accused of robbing bank at gunpoint may have been victim of scam, US cops say

Others Also Read