From Publishers Weekly:
Gains at Barnes & Noble.com offset declines at B&N’s retail and trade stores in the first quarter ended July 30, resulting in a 2% increase in total revenue, to $1.42 billion. The net loss in the period declined to $56.6 million from $62.5 million in the comparable period in fiscal 2011.
Comparable store sales for the retail trade outlets fell 1.6% in the quarter and were down a total of 3%, falling to $1.0 billion. B&N said that while traditional physical book sales declined during the quarter, the stores posted large increases in sales of the Nook product line and the toys & games segment. Company executives said that the decline in sales of print books slowed in the quarter as the company began to benefit from the closing of Borders stores with B&N gaining about $18 million. For the first time, B&N provided a breakout of Nook and digital sales, reporting that consolidated Nook business across all its segments rose 140%, to $277 million (19.5% of total sales). Those gains were strongest at BN.com where sales increased 37% in the quarter, to $198 million, with comparable sales increasing 65%. In addition to strong Nook device and accessories sales, sales of digital content quadruped in first quarter, B&N reported.
