Barnes & Noble retail group CEO sells shares

Mitchell Klipper, CEO of Barnes & Noble Inc.'s retail group, which includes its bookstores but not its Nook unit, sold about 67% of his shares of the company, according to an SEC filing late Monday.Mr. Klipper sold a total of about 400,996 shares for between $13.99 and $14.53 per share.He had about 598,371 shares as of July 17, according to FactSet, equivalent to a 1% stake in the company.Barnes & Noble is in a transition period following the departure of CEO William Lynch. It is reviewing its strategy related to its Nook ebook readers, which it invested heavily in as consumers increasingly turn online to buy books.In its most recent quarter, its net loss nearly doubled and revenue fell nearly 9% to $1.33 billion.Barnes & Noble's shares fell 22 cents to $14.10 in Tuesday morning trading after going as low as $13.84. Continue reading at 'Crains New York'

[ Crains New York | 2013-08-27 00:00:00 UTC ]
News tagged with: #retail group #transition period #strategy related #invested heavily #buy books #recent quarter #net loss #revenue fell

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This Is Barnes & Noble’s Book of the Year for 2020

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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Infectious Media sells to Kepler Group with global expansion plans

Digital media businesses want to scale globally in competition with 'new breed' of digital media businesses Brainlabs, Croud, Jellyfish and S4. Continue reading at Media Week

[ Media Week | 2020-12-03 09:34:13 UTC ]
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Barnes & Noble says shopper info may have been taken in hack

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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Barnes & Noble warns customers about cyberattack in new email alert

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 hit by cyber attack

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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Barnes & Noble apologizes for ‘serious network issue’ after days-long Nook disruptions

Customers have reported days of disruption to the Nook e-reader service, as well as other systems that the company said have since been restored. After users reported issues with Nook e-reader book access for days, with Barnes & Noble saying Monday that a “system failure” was interrupting... Continue reading at Fast Company

[ Fast Company | 2020-10-14 17:46:15 UTC ]
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Daunt outlines his strategy for Barnes & Noble

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[ 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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Barnes & Noble Regroups and Looks Ahead

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[ Publishers Weekly | 2020-07-17 04:00:00 UTC ]
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With Stores Closed, Barnes & Noble Does Some Redecorating

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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Barnes & Noble Scales Back

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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[ The Bookseller | 2020-03-26 09:54:48 UTC ]
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Barnes & Noble warns of potential cuts if stores close due to coronavirus

Barnes & Noble boss James Daunt has sent a letter to staff warning of potential lay offs if stores are closed due to the coronavirus. Continue reading at The Bookseller

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Barnes & Noble Reverses Course on Redesigned Book Covers

The bookseller planned to promote classic novels with covers featuring people of color for Black History Month. Critics accused it of “literary blackface.” Continue reading at The New York Times

[ The New York Times | 2020-02-05 23:31:49 UTC ]
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Enter to Win a $50 Gift Card to Barnes and Noble!

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James Daunt at FutureBook Live: Barnes & Noble’s ‘Crucifyingly Boring’ Stores

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[ Publishing Perspectives | 2019-11-25 05:05:12 UTC ]
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US trade urges Daunt to be independent in spirit to revive ailing Barnes & Noble

After Elliott Advisors’ takeover of Barnes & Noble in August, the firm sought the man who turned Waterstones around to right its US acquisition. But what exactly is in James Daunt’s in-tray in New York? Continue reading at The Bookseller

[ The Bookseller | 2019-11-08 05:47:49 UTC ]
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EBay CEO resigns as company considers selling assets

EBay CEO Devin Wenig is stepping down from his position as the San Jose-based e-commerce company considers selling some assets and appoints an interim leader, the company announced Wednesday morning. Wenig, who also held the title of president and was a director of the company, had been with... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-09-25 15:54:56 UTC ]
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EBay CEO resigns as company considers selling assets

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[ Silicon Valley Business Journal | 2019-09-25 15:52:24 UTC ]
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