 Barnes & Noble announced today that it is considering selling its NOOK business, citing significant shortfalls in sales and cutting its full-year forecast. B&N also cited NOOK sales which fell below expectations, and investments in advertising and expansion as reasons for a predicted shortfall in fiscal 2012 sales of between 0 million and 0 million less than average estimates of .32 billion. The major bookseller indicated that it plans to market the NOOK for "years to come," but that it "over-anticipated the growth in consumer demand for single… Continue Reading Here |
Prince Malachi is the founder of The Oracle Network and the Streetwear brand Y.A.H. Apparel
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