Barnes & Noble Has $6.06 Million Loss as Nook Sales Slow

Barnes & Noble Inc. (BKS)’s surprise loss during what’s usually its most profitable quarter was triggered by a 26 percent sales drop at Nook, the only segment that had been growing and is essential to aiding a shift to e-books.

The net loss of $6.06 million, which included $74 million in charges from plummeting demand for its newest Nook tablets, comes three days after founder and Chairman Leonard Riggio said he planned to offer to buy the bookstore chain’s retail assets. These results may speed up a sale …

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