6/21/11

E-commerce sales jump 50% for Barnes & Noble in fiscal 2011

The web, driven by Nook, now accounts for 12.3% of total revenue.

Mark Brohan , Research Director

Barnes & Noble Inc. ended fiscal 2011 with just about $7 billion in total revenue. But the growth didn’t come from stores.

Instead, Barnes & Noble, No. 41 in the Internet Retailer Top 500 Guide, credits strong sales at BN.com, especially of Nook electronic book readers and digital content from the Nook online book store, as the main reasons total revenue grew sharply last year.

For the 2011 fiscal year ended April 30, Barnes & Noble reported:

Internet Retailer calculates the web accounted for 12.3% of total sales compared with 9.9% in fiscal 2010.

For the fourth quarter:

Internet Retailer calculates the web accounted for 15.9% of total sales compared with 10.7% in Q4 of fiscal 2010.

Barnes & Noble also continues to ponder an acquisition offer from Liberty Media Corp., which owns QVC, No. 8 in the Internet Retailer Top 500 Guide. “Liberty’s proposal is under review by the special committee of the company’s board of directors, which is charged with reviewing strategic alternatives,” Barnes & Noble says.

Topics:

2011 earnings, 2011 financials, Barnes and Noble, Barnes and Noble earnings, electronic readers, Nook, Nook e-reader, online bookseller, Q4 2011 earnings, Q4 2011 financials, Top 500

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