‘Fifty Shades’ Boosts Barnes & Noble

    PHILADELPHIA, PA - MAY 03:  E. L. James  promotes "Fifty Shades of Grey" at the Barnes & Noble on May 3, 2012 in Philadelphia, Pennsylvania.  (Photo by Gilbert Carrasquillo/Getty Images)

    Gilbert Carrasquillo

    More proof that the Fifty Shades trilogy is dominating the books industry: Barnes & Noble got a much-needed rise from sales of the BDSM trilogy, which helped the bookseller narrow losses for its latest quarter. Quarterly revenue for the nation’s largest bookstore chain climbed 2 percent to $1.1 billion, partially due to last year’s closing of competitor Borders. But the CEO of the company’s retail unit told analysts that “clearly Shades of Grey had the biggest impact in the numbers.” All in all, Barnes & Noble’s net loss in the quarter revealed a 28 percent improvement from its net loss at the same time last year.  

    Read it at The Daily Beast