Barnes & Noble returned to a profit in the fiscal second quarter as it invested less in its Nook ebook reader and cost cuts offset lower sales.Its sales missed expectations, however, and its shares dropped more than 3% in premarket trading. The report comes as the crucial holiday season kicks off, when retailers can make up to 40% of their annual revenue."Our booksellers are prepared to welcome holiday shoppers and recommend thoughtful gift ideas for everyone on their list," said Michael P. Huseby, president of Barnes & Noble and CEO of Nook Media.The company has spent heavily on building up its Nook ebook reader and digital library, but it has scaled back amid tough competition from Amazon's Kindle and the Apple iPad. It has been reviewing its strategy since CEO William Lynch departed in June and the company did not name a replacement. It introduced a new non-tablet ebook reader, a $119 Nook GlowLight, for the holidays.Net income for the three months ended Oct. 26 totaled $13.2 million, or 15 cents per share. That compares with a loss of $501,000, or 7 cents per share, last year.Revenue fell 8% to $1.73 billion from $1.88 billion last year. Analysts expected a loss of 3 cents per share on revenue of $1.76 billion, according to FactSet.Revenue fell across all segments. Retail revenue fell nearly 8% to $921 million. College bookstore revenue fell 4.6% to $737.5 million and Nook revenue dropped 32% to $108.7 million.Shares fell 58 cents, or 3.5%, to $15.85 in... Continue reading at 'Crains New York'
[ Crains New York | 2013-11-26 00:00:00 UTC ]
In recent years, as academic history has taken a turn toward the cultural and social, producing more and more works about women, minorities, and everyday life, the kinds of history books you see on the New Releases table at a Barnes & Noble have begun to feel like throwbacks. A quick survey... Continue reading at Slate
[ Slate | 2016-01-06 00:00:00 UTC ]
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You could say I have a sentimental attachment to the chain bookstore. Growing up in an intellectually impoverished American suburb, I spent much of my free time in now-defunct locations of Borders and Barnes & Noble. I read garbage, mostly: popular history magazines, Star Trek novelizations,... Continue reading at Slate
[ Slate | 2015-12-15 00:00:00 UTC ]
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Total sales fell 4.5% at Barnes & Noble in the second quarter ended Oct. 31, 2015 compared to the same period last year and the net loss from continuing operations rose to $27.2 million from $5.1 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-12-03 00:00:00 UTC ]
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Amazon saw a 23% rise in sales in the third quarter (ending September 30th) to $25.4bn ($20.6bn in third quarter 2014). Net income stood at $79m in the third quarter, compared to a loss of $437m in the same period in 2014. The results follow a profitable second quarter of the year. Amazon is... Continue reading at The Bookseller
[ The Bookseller | 2015-10-24 00:00:00 UTC ]
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In remarks accompanying the release of Barnes & Noble’s first-quarter results for fiscal 2016, executives stressed that future growth for the retailer will involve integrating its retail, website, and Nook operations to allow customers to buy books anytime, anywhere, regardless of format. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-09-11 00:00:00 UTC ]
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Total revenue at Barnes & Noble fell 1.5% in the first quarter ended August 1, 2015, to $1.2 billion, compared to last year’s first period and the net loss increased to $34.9 million from $28.4 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-09-09 00:00:00 UTC ]
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Barnes & Noble has completed the separation of its retail operation from its college business. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-03 00:00:00 UTC ]
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Barnes & Noble and Book-A-Million have both pronounced that 'Go Set a Watchman' had the largest first day sale of any adult fiction book in the history of both retailers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-15 00:00:00 UTC ]
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Ronald Boire, a man with plenty of electronics experience, is taking over as CEO of Barnes & Noble, as the bookseller spins off its education division. The post Barnes & Noble Looks to New Leader to Save NOOK appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-07-07 00:00:00 UTC ]
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Ron Boire has been named the next CEO of Barnes & Noble, Inc., beginning September 8. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-02 00:00:00 UTC ]
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A keen business mind and real commitment to the publishing industry are vital for a job that is all about selling – shy and retiring types need not apply Gordon Wise has been a literary agent at Curtis Brown for 10 years, and has a wide range of clients, from celebrities like Miranda Hart to... Continue reading at The Guardian
[ The Guardian | 2015-07-01 00:00:00 UTC ]
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Barnes & Noble has appointed Ann-Marie Campbell, president, Southern division, The Home Depot; and Paul B. Guenther, former president of PaineWebber Group, Inc., as new independent board directors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-19 00:00:00 UTC ]
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Fifty Shades of Grey author E L James will sign copies of the new book in the series, Grey (Arrow), at Barnes & Noble in New York City on the book's release date next Thursday (18th June). It will be the author’s only New York City book signing appearance for the novel, which will be... Continue reading at The Bookseller
[ The Bookseller | 2015-06-12 00:00:00 UTC ]
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On June 18, Barnes & Noble will be holding "Page & Screen" discussion events about Harper Lee's 'To Kill a Mockingbird' at all stores nationwide, in anticipation of the release of Lee's second novel, 'Go Set a Watchman,' on July 14. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-11 00:00:00 UTC ]
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In a matter of hours, pre-orders pushed 'Grey: Fifty Shades of Grey as Told by Christian,' to the top of the Barnes & Noble and Amazon bestseller lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-02 00:00:00 UTC ]
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On May 12, nearly 300 people gathered at the Standard Hotel in New York City’s Meatpacking District to celebrate 25 years of Barnes & Noble’s Discover Great New Writers Program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-05-29 00:00:00 UTC ]
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McGraw-Hill Global Education had net income of $3.8 million last year compared to a loss of $89.4 million in 2013. Sales rose 4%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-04-07 00:00:00 UTC ]
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Net income increased 14% at Barnes & Noble in the third quarter ended January 31, 2015, to $72.1 million. Total revenue fell 1.7%, to $1.97 billion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-03-10 00:00:00 UTC ]
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Barnes & Noble has announced it will separate its Nook and retail arm from its education business by August this year. The US bookseller said the planned separation will create two independent publicly traded companies, one comprising of its B&N College stores and the other comprising... Continue reading at The Bookseller
[ The Bookseller | 2015-02-27 00:00:00 UTC ]
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Houghton Mifflin Harcourt’s trade division sales fell 4% in 2014 and it had a $2.9 million net loss in 2014 compared to net income of $6.5 million in 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-02-26 00:00:00 UTC ]
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