With revenues collapsing and profit margins thinning, the book retailer's device business will need a big uptick in sales to survive.
Barnes & Noble revealed today that its core businesses—from brick-and-mortar stores to its Nook e-reader business—are collapsing.
The company posted quarterly revenues of $1.3 billion, down 8.5% from the same period a year ago. It posted a loss of $87 million, almost twice as much as investors expected.
Its Nook e-reader business, which includes hardware and digital con... Continue reading >>
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