Shares in US book retailer Barnes & Noble dropped 7
per cent this week, according to the Financial Times. The bookseller said its
Nook tablet and ebook business was performing worse than it had forecast and unveiled
that in the 12 months to the end of April the Nook division would post a loss
before interest, tax, depreciation and amortisation greater than its $262
million loss in the previous year. Sales of all Barnes & Noble’s products
at its bricks-and-mortar stores and on its website fell 10.9 per cent in the two
months from the previous year.
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