Barnes & Noble Splits Education From Retail, Nook Division
After less than ideal retail and Nook sales and success for it's college stores, Barnes & Noble has split into two separate entities.By Ben Lawson | February 27, 2015
People may be reading less books these day, but Barnes & Noble is still determined to hang on and adapt as needed.
With brick-and-mortar store sales less than ideal and the Nook not exactly catching on the way the company had hoped, Barnes & Noble is spinning off its successful college division as its own entity.
Barnes & Noble has just over 700 stores on college campuses and plans to increase that number to 1,000 over the next few years. Last quarter, revenue in those locations increased 1.9 percent to $751 million.