Nook Sales Weak, B&N Reveals As It Suffers Losses Reuters

The bookstore chain will lose more money than it expected for the current fiscal year

Barnes & Nobles's fiscal year 2013 will end on April 27, which is quite far off, but the bookstore chain already knows roughly what will happen.

After weak holiday sales of Nook HD and HD+ tablets, as well as declining e-reader shipments, the company will suffer a loss above the $262 million / 196 million Euro lost in the same period of fiscal year 2012.

As reported by Reuters news agency, even the recent release of the Nook HD and HD+ tablets in the UK won't reduce the losses all that much.

The fact that e-book sales continue to grow is just a minor consolation at this point.

One could get a better idea of the year-end results on February 28, when the third quarter status for FY 2013 is posted.

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