Printed from http://www.electronista.com

Barnes & Noble gains digital share as print sales slide

updated 11:20 pm EDT, Mon June 28, 2010

Brick-and-mortar performance still poor

Barnes & Noble has released its quarterly financial report, indicating strong performance with digital distribution but a drop in sales from the company's many brick-and-mortar locations. CEO William Lynch highlighted the fledgling ebookstore, which has already achieved a larger market share in the digital realm than the company's share in the retail market.

The Nook reader has been credited with pushing quick growth for e-book sales on BarnesandNoble.com. Nook owners are said to have increased their combined digital and physical spending by 17 percent, while pushing total units ahead by 70 percent.

The company plans on expanding its investments in technology and market, as retail sales will likely remain flat in the current quarter. Digital sales are expected to be bolstered by the new entry-level Nook, which sells for $149, along with the 3G model that has been discounted to $199.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News