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Thursday, Feb 28
More on Barnes & Noble's (BKS) FQ3: Revenue fell off faster in the Nook segment (-25.9%)...
More on Barnes & Noble's (BKS) FQ3: Revenue fell off faster in the Nook segment (-25.9%) than Retail (-10.3%) or College (-1.3%) as the company puts in another disappointing quarter. Digital content sales only increased 6.8% for the period, a mark which fails to live up to the promises for the business. For FY13, comparable bookstore sales are expected to decline in the low- to mid-single digits. A strategic review of Leonard Riggio's offer for the retail business is ongoing. BKS -3.8% premarket. (PR)