B&N Reports Big Losses Despite Strong Nook Sales

Publishers Weekly reported that despite strong sales of the Nook and BN.com huge 65% sales jump for the year, Barnes & Noble, the nations largest bookseller, still reported a $74 million loss for the year, partly due to R&D for their digital expansion.  You can get all the number crunching details after the break!

Sales Up, Way up!

Why start a blog devoted to e-readers and ebooks?  This story from publisher's weekly is a good indication:  It's hot!  While it's not enough to off set the downfall of traditional publishing, it certainly is not far off.

E-book sales had another strong month, with sales up 157.5%, to $72.8 million from 22 reporting companies. The increase, however, was not enough to offset declines in the print sector and as a result combined print and digital sales of trade books fell 10% at the reporting companies in the month.

For the first four months of the year, the sales decline was less severe. E-book sales were up 162.9% for the period, to $312.9 million, while print sales in the five trade segments were down 18.7%, leading to an overall decline of 4% in the first four months of 2011.

source