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Nook hits a new low for Barnes & Noble
Barnes and Noble Inc. saw a sharp decline in holiday sales in its Nook e-reader division, even as its retail segment showed small improvement.
The Nook segment (including digital content, devices and accessories), had sales of $56 million for the nine-week holiday period, decreasing 55% as compared to a year ago. Device and accessories sales were $28.5 million, a decrease of 68%. Digital content sales were $27.4 million, a decline of 25%.
Barnes & Noble is expected to spin off the Nook segment into a separate business in March.
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Panties and bras support L Brands in December
The 2014 holiday season was a perky one at L Brands, as sales increased beyond expectations in December.
The parent company of Victoria’s Secret and Bath & Body Works reported that same store sales across the company increased by 4% for the month. Wall Street analysts had been predicting a 3.6% increase.