Barnes & Noble’s earnings lifted by digital content
Barnes & Noble's fiscal first-quarter loss narrowed, lifted by sales of e-books and other digital content as well as sales of the "Fifty Shades of Grey" series at its bookstores.
The largest traditional U.S. book retailer faces tough competition from online retailers like Amazon.com and discount stores and the challenges of dealing with a population that is increasingly moving away from traditional books in favor of reading them on devices such as e-readers and tablets.
In response, Barnes & Noble has invested heavily in its Nook e-reader and e-books, which benefited quarterly results.
The chain also had the added bonus of riding the wave of popularity of the "Fifty Shades of Grey" series by E.L. James, the publishing phenomenon that has drawn legions of readers into bookstores. Barnes & Noble has 689 bookstores in 50 states...