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Nook success helps cut Barnes & Noble loss
NEW YORK — Barnes & Noble saw revenue increases across all of its segments, but it was its digital segment, lead by Nook, that helped narrow its net loss for the fourth quarter and fiscal year 2012.
Barnes & Noble's consolidated revenue for the fourth quarter increased 0.4% to $1.4 billion as compared with the prior year. Net loss for the quarter improved 3% as compared with the prior year to $57.7 million, or $1.08 per share.
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Alliance Data to buy Bon-Ton’s credit card portfolio
Dallas -- Alliance Data Systems has agreed to acquire The Bon-Ton Stores’ private-label credit card portfolio worth $475 million.
Financial terms of the deal were not disclosed.
Alliance Data, which provides private-label credit card services to retailers, will also manage the retailer's private-label credit card program.
Bon-Ton Stores, Inc., operates 272 stores in 23 states across the Northeast, Midwest, and upper Great Plains, under a variety of banners.