Barnes and Noble posts $119 million loss in Q4 2013, will partner with third party on future Nook tablets

Barnes and Noble has not had an easy go of it. The brick-and-mortar stalwart has seen its revenues and profits steeply decline as we've entered the age of the ebook. In fact, profits haven't just shrunk; they've disappeared. During the fourth quarter of fiscal year 2013, the company suffered a net loss of $118.6 million, down significantly from the already poor showing it posted in 2012 when it lost $56.9 million in Q4. For the year, that put Barnes and Noble's losses at $154.8 million -- more than double what it lost in 2012. Revenues have dropped both at retail outlets and its Nook digital business by $105 million and $56 million, respectively year-over-year. For its e-reader and ebook arm, that represents a 34 percent drop from Q4 2012. The bad news there is that device sales have declined dramatically and, while content sales were up for the year, in the fourth quarter they fell by 8.9 percent. Barnes and Noble attributes the year-over-year fall in sales to be attributed to the lack of blockbuster titles. In Q4 2012 revenues were boosted by juggernauts like Fifty Shades of Grey and The Hunger Games. Going forward Barnes and Noble wants to significantly cut its losses on the struggling Nook business. To do that the company will be partnering with an as yet unnamed third party to manufacture and co-brand its tablet line. The Nook line of e-readers will continue to be designed and built in-house, but the retailer will be looking beyond its Manhattan office walls for... Continue reading at 'Engadget'

[ Engadget | 2013-06-25 00:00:00 UTC ]
News tagged with: #bad news #blockbuster titles #fifty shades #hunger games #nook line #foreseeable future

Other Publishing stories related to: 'Barnes and Noble posts $119 million loss in Q4 2013, will partner with third party on future Nook tablets'


Poor Nook Sales Sink Barnes & Noble's Revenues

The ebook is still central to B&N's strategy, but it's not selling. Barnes & Noble revealed disappointing third quarter finances this morning, including a serious decline in revenues from its Nook digital e-readers. Overall revenues were $2.2 billion, down 8.8% year on year, and its... Continue reading at Fast Company

[ Fast Company | 2013-02-28 00:00:00 UTC ]
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Barnes & Noble 'founder' pondering bid to buy back retail business, hive off Nook Media

Just 12 hours after (already denied) rumors circulated that Barnes & Noble may ditch its Nook business, the company has had to make an announcement concerning its retail division. Thanks to SEC regulations, the company has had to 'fess up that majority shareholder and "founder*" Leonard... Continue reading at Engadget

[ Engadget | 2013-02-25 00:00:00 UTC ]
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Barnes & Noble says holiday sales disappointing, Nook has new investor

Bookstore chain Barnes & Noble said Friday its holiday sales look disappointing and that publisher Pearson Plc took a 5% stake in its Nook e-reader business. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-12-28 00:00:00 UTC ]
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Microsoft's $300M Barnes and Noble investment promises new Windows 8 Nook app

Book retailer Barnes and Noble announced on Thursday that its partnership with Microsoft in a new limited liability company called Nook Media LLC is complete and ready to go ahead of Windows 8's launch. Barnes and Noble first announced it was considering a spin-off of its digital content... Continue reading at Betanews

[ Betanews | 2012-10-04 00:00:00 UTC ]
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Going Beyond E-Books, Barnes & Noble Nook Launches Digital Video Store

Barnes & Noble Nook is ramping up its digital media offerings with a new video-download and rental service. Continue reading at AllThingsD

[ AllThingsD | 2012-09-25 00:00:00 UTC ]
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Nook out! Barnes & Noble's ebook readers come to the UK in October

US bookseller Barnes & Noble has confirmed that it will be bringing its Nook digital eBook readers and bookstore to the UK in the autumn. Initially the devices, which include Nook Simple Touch and the Nook Simple Touch with GlowLight, will only be available through the company’s online... Continue reading at Betanews

[ Betanews | 2012-08-20 00:00:00 UTC ]
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Barnes & Noble Nook E-Reader Goes International

Barnes & Noble has finally scheduled the long-awaited international debut of its Nook e-reader. The company said Monday that it will begin selling its Nook Simple Touch and Nook Simple Touch with GlowLight in the U.K. in mid-October. The devices will be sold online through a new digital... Continue reading at AllThingsD

[ AllThingsD | 2012-08-20 00:00:00 UTC ]
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Nook headed for UK as Barnes & Noble goes international, dabbles in the Queen's English

Well, our English friends, today is a good day. Your choice in e-readers is about to get that much better as Barnes & Noble has decided to make your homeland the first stop on its highly-anticipated international tour. The Nook and its associated store will be making their big debut in the... Continue reading at Engadget

[ Engadget | 2012-08-20 00:00:00 UTC ]
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Barnes & Noble brings out Nook for Web, comes full circle with e-reading (update: not on iOS)

We'd say it's about time. Although it's almost two years late to the party, Barnes & Noble is responding to Amazon's Kindle for the Web with Nook for Web. Much like its counterpart across the virtual aisle, the Nook web edition lets readers browse free samples and whole books entirely from a... Continue reading at Engadget

[ Engadget | 2012-07-17 00:00:00 UTC ]
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Barnes & Noble loss narrows

Barnes & Noble said Tuesday that its fiscal fourth-quarter loss narrowed as the company continues to invest in its Nook e-reader business.Barnes & Noble said Tuesday that its fiscal fourth-quarter loss narrowed as the company continues to invest in its Nook e-reader business. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-06-19 00:00:00 UTC ]
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Barnes & Noble's Nook e-readers getting NFC, says CEO

Now that all of that Microsoft-related news is out in the open, Barnes & Noble's CEO William Lynch is ready to talk about the future. Fortune sat down with him to discuss the deal and what's next for the Nook. The answer to the latter is, at least in part, near-field communication. The exec... Continue reading at Engadget

[ Engadget | 2012-05-02 00:00:00 UTC ]
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Microsoft Invests $300 Million in Upcoming Barnes & Noble Subsidiary

After announcing plans to possibly spin off its NOOK business in January, Barnes & Noble enters into a partnership with Microsoft. The tech company invested $300 million in the new subsidiary (currently under the working title NewCo), a post-money valuation of $1.7 billion, equating to a... Continue reading at Folio Magazine

[ Folio Magazine | 2012-05-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #announcing plans #nook business


Microsoft finds a nook of its own in Barnes & Noble

Microsoft seems to have found an open window back into the ebook business, closing the door on an ongoing patent dispute with its new partner. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-30 00:00:00 UTC ]
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At $1.7 Billion, Nook is Worth More than Barnes & Noble Itself

Microsoft and Barnes & Noble have buried the patent hatchet and teamed up to compete against Apple and Amazon in the eBooks business. The new partnership sees Microsoft investing $300 million in a new Barnes & Noble subsidiary. (My colleague ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-04-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #barnes noble #ebooks business


Barnes & Noble, Microsoft team up on Nook, college businesses

An infusion of money from Microsoft Corp. sent Barnes & Noble Inc.'s stock zooming Monday, as the software giant established a way to get back into the ebooks business. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #barnes noble #ebooks business


Microsoft buys Nook stake; Barnes & Noble shares soar

(Reuters) - Microsoft Corp will invest $300 million in Barnes & Noble Inc's Nook e-reader, gaining a foothold in the fast-growing ebooks market as the bookseller gets more firepower to compete against Amazon.com's Kindle and Apple Inc's iPad. Continue reading at Baltimore Sun

[ Baltimore Sun | 2012-04-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #barnes noble #nook e-reader


Barnes & Noble Releases Glow-in-the-dark Nook E-reader

Barnes & Noble on Thursday released a new Nook Simple Touch e-reader with a screen that lights up so that books can be read in the dark. Continue reading at PC World

[ PC World | 2012-04-13 00:00:00 UTC ]
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Barnes & Noble establishes German base: Will the Nook visit Europe?

While Americans have more than one way to consume those e-ink verses, those in the old country are largely stuck with Amazon's still-expanding Kindle family or e-reader hardware lacking the clout of a publisher. But Europeans may get the chance to pick up a Nook in the future, following news... Continue reading at Engadget

[ Engadget | 2012-03-29 00:00:00 UTC ]
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Barnes & Noble Announces $199 Nook

Barnes & Noble is fighting fire with fire. The book retailer Tuesday morning debuted a new version of its Nook tablet that matches Amazon's Kindle Fire in price and memory. The new device is identical in form to its predecessor, except with 8 gigabytes of storage and a $199 price tag. Barnes... Continue reading at AllThingsD

[ AllThingsD | 2012-02-21 00:00:00 UTC ]
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Barnes & Noble shares under pressure as company explores Nook ebook business options

Barnes & Noble shares under pressure as company explores Nook ebook business options Continue reading at MarketWatch.com

[ MarketWatch.com | 2012-01-05 00:00:00 UTC ]
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