Barnes & Noble is to separate its education business from its retail and Nook digital units, creating two independent, publicly-traded companies.
At the end of last year, Barnes & Noble bought Microsoft’s stake in the Nook business in preparation for a Nook spin-off later this year (Display Monitor Vol 21 No 49). However, as the unit suffered a 55% decline in sales in the holiday period, analysts believe the company will struggle to convince investors of Nook’s value.
Barnes & Noble will release its third quarter results on 10th March when it is hoped a further update will be provided.
