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Barnes & Noble Posts Q1 Net Loss of $57M

Today Barnes & Noble reported a two percent increase in total sales for the first quarter, but also counted a consolidated net loss of $57 million.

Nook eReader sales have increased dramatically along with online sales. However, trade and academic have both suffered decreases in physical store sales.

Here’s more from the release: “Barnes & Noble store sales decreased 3% to $1 billion, with comparable store sales decreasing 1.6% for the quarter. While traditional physical book sales declined during the quarter, the stores posted large increases in sales of the NOOK product line and Toys & Games. In a non-back-to-school period, Barnes & Noble College Bookstore (‘College’) sales declined 2% to $220 million, with comparable store sales decreasing 1.8%.”

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