Bookseller Barnes & Noble recorded a 2.5% increase in consolidated revenues to $1.5bn (£948.4m) for its first quarter ended July 28. Net loss narrowed to $41m (£25.9m) as a result of cost savings. Sales at the retailer’s stores rose 2% during the period, or 4.6% on a like-for-like basis, benefiting from the closure of rival Borders stores and a strong line-up of releases including the Fifty Shades of Grey series.

Ecommerce sales of physical books at fell in the period as more customers shifted to digital downloads. The retailer’s Nook subsidiary reported a 46% jump in digital content sales. However, Nook device sales fell because of lower selling prices and unmet demand for the new GlowLight ereader.