by Eric Dondero

More signs that the traditional book business may be suffering.

From techcrunch.com today:

Amazon may have been touting its record holiday sales season, but Barnes & Noble is now reporting the opposite: according to a report released today, the company’s retail businesses, which include the Barnes & Noble bookstores and BN.com, saw a 10.9 percent decrease in sales over the nine-week holiday period ending December 29, 2012. Nook sales and BN.com were also down.

The retail segment had revenues of $1.2 billion, and the company said the nearly 11 percent decline was attributable specifically to troubles in its brick-and-mortar stores and declining Nook sales. 

But of course, it doesn't mean Americans are reading any less; just in a different format.

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    Eric Dondero, Houston, Texas USA Call/text 9798484575


    January 2013