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 ]
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With a new publisher at the helm, B&N plans to reinvent Sterling Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-07 04:00:00 UTC ]
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“Collision of Power” will be part memoir and part investigation into what’s ahead for the free press. Continue reading at The Washington Post
[ The Washington Post | 2021-04-28 16:45:36 UTC ]
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The bookseller has hired Emily Meehan as publisher and chief creative officer of Sterling Publishing in what it called part of a relaunch of its publishing division. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-15 05:00:00 UTC ]
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If you've ever stopped browsing your B&N to wonder about life as a bookseller, here's a firsthand account of working at a Barnes & Noble. Continue reading at Book Riot
[ Book Riot | 2020-12-23 11:37:00 UTC ]
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A 22% decline in sales in its retail division led to a 79% drop in net income at Barnes & Noble Education in the second quarter ended October 31, 2020, compared to last year. Textbook sales fell and general merchandise revenue took a big hit. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-12-08 05:00:00 UTC ]
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Get to know about WORLD OF WONDERS, the 2020 Barnes & Noble Book of the Year. Continue reading at Book Riot
[ Book Riot | 2020-12-04 13:00:00 UTC ]
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The sudden end to the case comes after Barnes & Noble attorneys in September succeeded in knocking out Demos Parneros's claim of defamation, and just days before a scheduled pretrial conference on the parties' remaining claims. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-27 04:00:00 UTC ]
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Barnes & Noble said the personal information of its shoppers may have been stolen after its computer systems were hacked Continue reading at ABC News
[ ABC News | 2020-10-15 15:58:05 UTC ]
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The company said that email addresses, physical addresses, and phone numbers were all potentially exposed, although payment information is said to be safe. Soon after Barnes & Noble apologized for a “serious network issue” that affected some users of its website and people trying to load... Continue reading at Fast Company
[ Fast Company | 2020-10-15 14:16:35 UTC ]
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Barnes & Noble has been the victim of a cyber attack that saw hackers access systems containing email, shipping and billing addresses alongside phone numbers. Continue reading at The Bookseller
[ The Bookseller | 2020-10-15 11:17:23 UTC ]
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A jingle helped them transform a two-partner practice in Buffalo into a 50-lawyer personal injury behemoth in New York State and California. Mr. Barnes died in a plane crash. Continue reading at The New York Times
[ The New York Times | 2020-10-08 17:06:03 UTC ]
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Barnes & Noble chief executive and Waterstones m.d. James Daunt has said the two-and-a-half month lockdown in the US was "hugely traumatic" and a "body blow" to employees, but that B&N had used the period to bring much needed changes the US chain's estate. Continue reading at The Bookseller
[ The Bookseller | 2020-09-13 18:36:08 UTC ]
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The Barnes and Noble bookstore at 601 E. Pratt St. at Baltimore's Inner Harbor will close Saturday, according to a sign posted at the location. Continue reading at Baltimore Sun
[ Baltimore Sun | 2020-08-25 17:48:42 UTC ]
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After the shutdown, layoffs, and a major redesign, the bookseller is reopening its stores in an uncertain book market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-17 04:00:00 UTC ]
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Retail locations shuttered during lockdowns, so the company spruced up hundreds of its stores as the first step in a bigger plan. Continue reading at The New York Times
[ The New York Times | 2020-07-09 19:32:11 UTC ]
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South China Morning Post is the latest news publisher to build its own first-party data platform, which it’s calling Lighthouse. Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-06-29 16:45:21 UTC ]
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Steve Benen argues that the GOP was sliding into atrophy long before Trump came along. Continue reading at The Washington Post
[ The Washington Post | 2020-06-26 12:00:00 UTC ]
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A video-poem by Tom Roberts has caught the attention of Hollywood and will likely become a children’s book. Continue reading at The Washington Post
[ The Washington Post | 2020-05-14 11:00:00 UTC ]
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Barnes & Noble has now temporarily closed more than 500 stores and furloughed "a large number" of employees across all departments at its company headquarters. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Barnes & Noble has temporarily shut approximately 65% of its stores following the coronavirus outbreak in the US. Continue reading at The Bookseller
[ The Bookseller | 2020-03-26 09:54:48 UTC ]
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