Barnes & Noble's traditional business model is lagging, but its digital focus has helped buoy its financial performance, the company said today.
During its fiscal first quarter that ended July 30, B&N generated $1.4 billion in sales, representing a 2 percent increase over the same period last year. Its slight revenue increase becomes more impressive when one considers that the core of its operation--book sales in stores--were down during the period. In fact, the company reported that store sales decreased 3 percent year over year to $1 billion.
However, the company's Nook operation, led by … Read more