It looks like the holidays weren’t very happy for Barnes & Noble. The bookstore chain on Thursday announced a 60 percent decline in digital sales over the nine-week holiday period from the same time the previous year.
The company’s Nook division, which includes digital content and devices, reported $125 million in revenue, a 60.5 percent decline from the year before. Nook devices and accessories took an even harder hit, dropping 66.7 percent over the same period. Digital content sales, on the other hand, were down 27.3 percent from the year prior.
The news isn’t terribly surprising, given that Barnes & Noble didn’t release any completely new Nook tablets in 2013.
“Sales in the NOOK segment declined year-over-year largely because during the previous holiday season the company introduced two new tablet products, while no new tablets were introduced this year,” the company’s newly appointed CEO Michael Huseby said in a statement.
Not all is grim, though. The company’s retail locations reported $1.1 billion in sales, which is only a 6.6 percent decrease from the previous year.