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Barnes & Noble has reported a 5% decrease in store sales year-on-year for the nine weeks between 1st November 2009 and 2nd January 2010, notching up revenues of $1.1bn (£686m) in that time.
Comparable store sales dropped marginally more, down 5.4% in total. However the firm's online offering saw sales increase by 17%, totalling $134m. This included all nook purchases.
In a statement, Steve Riggio, chief executive officer of Barnes & Noble, said the company was pleased it had been able to "ship all holiday orders for nook in time".
He added: "Orders for nook remained strong throughout the holiday season, and, in fact, accelerated after we announced that we had sold out our initial supply.
"Demand remains strong in the New Year and greater than our supply, however, we expect production to catch up with demand and be fully stocked in our stores in the next few months."
Despite this optimism, the retailer has cut its third quarter earnings guidance, to between $1.20 and $1.40 per share. The company's previous third quarter earnings guidance was in a range of $1.30 to $1.50 per share.