MobileRead Forums - View Single Post - Classic B&N head sees company switching to eBooks

GA Russell · 02-24-2010, 11:35 PM

Here's a Reuters article that says that yesterday B&N's CEO held a conference call and revealed that B&N's sales of pbooks is going down the drain. Christmas was down 5% from last year.

Thanks to the nook, sales of eBooks were up 32% for the quarter. So the company sees itself transitioning from hard copies to eBooks.

Borders did even worse for Christmas. It was down 14% from the previous year, and is closing 183 Waldenbooks locations.

http://www.reuters.com/article/idUST...balMarketsNews

02-24-2010, 11:35 PM	#1
GA Russell Argos win Grey Cup! Posts: 7,674 Karma: 31487351 Join Date: Aug 2009 Location: Raleigh, NC Device: Paperwhite, Kindles 10 & 4 and jetBook Lite	B&N head sees company switching to eBooks Here's a Reuters article that says that yesterday B&N's CEO held a conference call and revealed that B&N's sales of pbooks is going down the drain. Christmas was down 5% from last year. Thanks to the nook, sales of eBooks were up 32% for the quarter. So the company sees itself transitioning from hard copies to eBooks. Borders did even worse for Christmas. It was down 14% from the previous year, and is closing 183 Waldenbooks locations. http://www.reuters.com/article/idUST...balMarketsNews