Barnes & Noble’s Nook Business Keeps Struggling

by Reads (1,298)

Barnes & Noble Nook HD Barnes & Noble sees that its Nook tablets are critical to its future, but customers aren’t embracing them the way the company had hoped. Revenue is down, and the device is losing money.

During its most recent financial quarter (Nov. – Jan), revenue from the Nook division was down 26% year-over-year, to $316 million.

This division lost $190 million in the quarter, a 130% increase over the same quarter a year ago. And all this was during the all-important holiday shopping rush.

It’s probably not a good sign for the future of the Nook that Barnes & Noble’s founder Leonard Riggio wants to buy its retail business but not its tablet operation.

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