Barnes & Noble Cut Nook Investment by 74% in Third Quarter

Barnes & Noble's filing with the SEC for the third quarter of fiscal 2014 shows how dramatically the company is scaling back its Nook operations. During the period ended January 25, 2014, Nook capital expenditures were $7.4 million, a decline of 74% from the money spent on the group in the comparable period in fiscal 2013. For the first nine months of fiscal 2014, Nook capital expenditures were reduced 55%. The filing repeated what company executives said in the conference call last week that since