NEW YORK (TheStreet) -- Barnes & Noble (BKS) was falling 2% to $22.33 Tuesday after a report from BookStats estimates that book publishers earned more revenue from online orders and e-books than retail stores in 2013.
Publishers earned $7.54 billion from online orders and e-book sales in 2013, compared $7.12 billion from physical retail sales according to the report. E-book sales increased 10% from the previous year to 512.7 million e-books, though revenue from e-book sales was flat from 2012 to 2013.
Barnes & Noble recently announced it will spinoff the Nook business which handles its devices and e-book sales.
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"Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. The Company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform. As of April 27, 2013, it operated 1,361 bookstores in 50 states, 686 bookstores on college campuses, and operates one of the Web eCommerce sites, and develops digital content products and software. Barnes & Noble operates in three segments: B&N Retail, B&N College and NOOK. The Company's principal business is the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys & games, music and movies direct to customers through its bookstores or on barnesandnoble.com."