Barnes & Noble teams up with Samsung for Nook tablets

Barnes & Noble is teaming up with Samsung Electronics to develop Nook tablets, as it focuses on its Nook software.

The device will be a 7-inch Samsung Galaxy Tab 4 co-branded as a Nook with Nook's digital reading software already on it. The tablet will be available at Barnes & Noble's 700 US stores in early August. A price for the device will be announced then.

Barnes & Noble on Thursday said it will continue to make and sell its $99 Nook GlowLight e-readers and provide customer support.

The book seller spent years investing heavily in its Nook e-book reader and e-book library, but they struggled to be profitable. And in December the chain said it was evaluating the future of its tablets. Still it offered a new non-tablet e-book reader during the holiday season.

The New York-based company has been trying to turn itself around as competition from discount stores and online retailers toughens, and as consumers shift away from traditional books to digital formats.

In its most recent quarter, Barnes & Noble reported a third-quarter profit as cost cuts at its Nook unit and elsewhere helped offset declining revenue across all of its businesses.

CEO Michael Huseby said at the time in a call with analysts that the company is trying to create better ways to package physical and digital content, calling the digital side "vital to our mission."