Haters, say what you will about Fifty Shades of Grey, but it just may be responsible for saving one of the largest bookstore chains out there.
Barnes & Noble Inc. reported a smaller than anticipated loss for its fiscal first quarter, and it seems that may be due at least in part to the phenomenal sales of E L James’s erotic series.
Barnes & Noble’s net loss numbered $41 million last quarter. This may sound bad, but if we compare it to the same quarter in 2011 (when the company reported a loss of 56.6 million) it’s actually an improvement. Furthermore, Barnes & Noble saw its total revenue rise 2.5% to $1.5 billion. READ FULL STORY