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 ]
By the end of the week, Barnes & Noble will have 51 bookstores open for in-store shopping. In addition, 500 stores are now offering curbside pickup. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-13 04:00:00 UTC ]
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Elliott Advisors, owner of Waterstones and Barnes & Noble, has bought Wordery, the online bookselling division of U.K. wholesaler Bertrams. Aurelius, which owns Bertrams, said it was "reviewing its strategic options" for the wholesaler. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-04 04:00:00 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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While total sales have fallen slightly since the outbreak of the new coronavirus at Barnes & Noble, company CEO James Daunt is confident the bookstore chain can continue to be a profitable venture with one provision—that it is allowed to keep its stores open. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-19 04:00:00 UTC ]
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Barnes & Noble and Books-A-Million are currently continuing to operate all of their stores, although both noted they are closely monitoring new developments related to Covid-19. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-16 04:00:00 UTC ]
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Revenue at Houghton Mifflin Harcourt Books & Media fell 9.9% in 2019, to $180.0 million, and the division had a net loss of $8.1 million, compared to net income of $2.4 million in 2018. A decline in licensing income was cited as the main reason for the sales drop. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-27 05:00:00 UTC ]
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Penguin Random House teams with TBWA and Barnes & Noble to launch #DiversityEditions for Black History Month. During the Pequod‘s last voyage in Herman Melville’s classic Moby Dick, Captain Ahab is 58 years old. Physically, he has a prosthetic leg made of whale bone, and a pale white mark or... Continue reading at Fast Company
[ Fast Company | 2020-02-05 09:00:42 UTC ]
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Sasha Quinton, who moved to Barnes & Noble in March as v-p and general merchandise manager, will take over as president of Scholastic's book fair business on January 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-20 05:00:00 UTC ]
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Waterstones and Barnes & Noble c.e.o. James Daunt has become the first trade figure to be named person of the year for the second time in The Bookseller's annual listing of the most powerful and influential people in the British book trade. Continue reading at The Bookseller
[ The Bookseller | 2019-12-13 05:14:10 UTC ]
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Barnes & Noble booksellers around the country have voted to name Charlie Mackesy’s illustrated fable 'The Boy, the Mole, the Fox and the Horse' Barnes & Noble’s 2019 Book of the Year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-06 05:00:00 UTC ]
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Thanksgiving is this week, which can only mean one thing: we’ve entered high You’ve Got Mail season. I’ve seen the movie at least a dozen times, so when today I endeavored to find an exact quote—for a blog post about Barnes & Noble, the IRL Fox Books-turned-lone-reed—I was not expecting my... Continue reading at Literrary Hub
[ Literrary Hub | 2019-11-25 17:58:34 UTC ]
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Seeing Barnes & Noble stores' character 'crushed' by the corporate 'opulence' of American business, James Daunt says the chain must 'rip out the boring.' The post James Daunt at FutureBook Live: Barnes & Noble’s ‘Crucifyingly Boring’ Stores appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-11-25 05:05:12 UTC ]
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Bookshops need to avoid being “boring” and apply a “bookseller's mind” to data if they want to survive in an era dominated by Amazon, Waterstones m.d. and Barnes & Noble c.e.o. James Daunt has said. Continue reading at The Bookseller
[ The Bookseller | 2019-11-24 17:39:21 UTC ]
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As one of the first initiatives under the leadership of new CEO James Daunt, Barnes & Noble has announced the shortlist for a new Book of the Year award. The nominees and winner are chosen by B&N booksellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-12 05:00:00 UTC ]
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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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If successful, the move for summary judgment would narrow the scope of any future trial, B&N attorneys say, and more importantly knock out a claim for which former CEO Demos Parneros is said to be seeking roughly $70 million in damages. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-22 04:00:00 UTC ]
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Jane Love, who worked as a religion buyer for Barnes & Noble from 2007-2018, passed away at age 63 on September 2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-25 04:00:00 UTC ]
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I scoured the parenting and pregnancy sections in Barnes & Noble, but the only books I could find about pregnancy exclaimed about it happily. I moved on to memoir, fingers running over the bindings of book after book. Where are the ones for women like me? I wondered. Women who don’t know... Continue reading at Electric Literature
[ Electric Literature | 2019-09-10 11:00:05 UTC ]
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The US press has been assessing the likely impact of James Daunt as the Waterstones boss prepares to take over Barnes & Noble. Continue reading at The Bookseller
[ The Bookseller | 2019-08-08 12:59:50 UTC ]
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