For Jack Ma, executive chairman of Alibaba Group Holdings, today is an extremely busy and lucrative day because the company he founded 15 years ...
In fiscal 2012 Nook sales reached almost $1 billion, but BN.com fell.
Fiscal 2012 was a big year of digital content and electronic book reader sales for Nook, the newly spun-off division of book seller Barnes & Noble Inc. But not so much for the retailer’s remaining e-commerce business.
For the 2012 fiscal year ended April 28, Barnes & Noble, No. 32 in the 2012 Internet Retailer Top 500 Guide reported:
- E-commerce sales for the year declined, although the company stopped reporting online retail sales as a separate metric. In fiscal 2011 Barnes & Noble reported e-commerce sales of $858.1 million, which included revenue from Nook and BN.com.
- Sales of the Nook e-reader increased 34.2% to $933.0 million from $695.0 million in fiscal 2011. Barnes & Noble spun off Nook into a separate subsidiary in partnership with Microsoft Corp., which invested $300 million in April in the new Nook company, which is not yet named.
- Sales of Nook-related digital content, which includes digital books, magazines and apps, increased 119% year over year to $483.0 million from $220.5 million.
- Total sales increased about 1.9% to $7.12 billion in fiscal 2012 from $6.99 billion.
- Comparable-store sales increased year over year 1.4%.
- Net loss for the year was $68.9 million compared with a net loss of $73.9 million in fiscal 2011.
“We grew our business in 2012 while continuing to make the necessary investments for the future,” says Barnes & Noble CEO William Lynch. “In the quarter we also announced a historic new partnership with Microsoft that will include a significant investment that will capitalize the company to fuel continued growth in digital and international expansion.”
For the fourth quarter Barnes & Noble also reported:
- Declining e-commerce sales, but didn’t break out a specific number.
- Nook sales, which include digital content and e-reader hardware, decreased 10.4% to $164.0 million from $183.0 million in Q4 of fiscal 2011. Sales of Nook, Barnes & Noble’s electronic book reader, declined as a result of higher returns from resellers, lower volume and lower average selling prices, the retailer says.
- Total sales grew year over year 0.7% to $1.38 billion from $1.37 billion.
- Comparable-store sales increased 4.5%.
Net loss was $57.7 million in the second quarter compared with a net loss of $59.4 million in the fourth quarter of 2011.