Quote:
Originally Posted by fjtorres
2- Nook sales for the holiday season were actually very good. 70% improvement for a company with at least 25% market share (as opposed to one in the single digits) is very good performance. Yet, B&N management somehhow expected *more*. "Shortfall" they called it: B&N management expected, prepared, and *needed* better than 70% year to year improvement for Nook. That sounds like inventory management issues.
|
B&N may still have a decent January. Gift cards aren't counted as sales until redeemed. Many families were on vacation between the holidays so they haven't been around to shop.
Of course, we can expect Nook returns to negatively affect January sales revenues also.