Barnes & Noble says it plans to keep making its Nook electronic readers and will focus on offering content to its customers, even as its first-quarter net loss nearly doubled.The quarterly results came as the struggling bookseller's chairman said he is abandoning his bid for the company's retail stores. Shares tumbled 12% in midday trading.Barnes & Noble is reviewing its strategy in the wake of CEO William Lynch's departure in June and continuing declines in Nook revenue, a unit the company has invested heavily in. In a call with investors, Barnes & Noble Michael Huseby, president of Barnes & Noble and CEO of its Nook business, said the 4-year-old Nook business has had some success, with 10 million devices sold and a 22% share in the ebook market. But he said there have been missteps."We have faced an increasingly challenging competitive landscape and, as it turned out, we were overly optimistic the past two holiday seasons, forecasting demand for our Nook devices falling far short of our expectations," he said in a call with investors.In June, Barnes & Noble said it would explore making its color Nook devices with a third-party manufacturer. On Tuesday Mr. Huseby elaborated, saying the company continues to design and develop both black-and-white and color Nook devices, with at least one new Nook due out for the holiday season and more products in development. He said the company already works with third-party manufacturers for parts of the device such... Continue reading at 'Crains New York'
[ Crains New York | 2013-08-20 00:00:00 UTC ]
Year-to-date, the Association of American Publishers' StatShot report for September shows the United States' book industry up 7 percent. The post AAP September StatShot: US Book Market Overall Up 2.4 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-11-26 16:15:42 UTC ]
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Longtime consultant, book-business analyst, and conference producer Mike Shatzkin has died in New York City at age 77. The post Remembering Mike Shatzkin: Book Industry Commentator appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-11-07 19:14:00 UTC ]
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The ‘story’ being told by FEP book industry data, says Enrico Turrin, shows a stable, post-pandemic book market across Europe. By Brianna Robles | @breesharraine uring the opening day (October 16) of the Frankfurt Book Fair, the Federation of European Publishers (FEP) presented key data about... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-10-17 07:37:57 UTC ]
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Publishing Perspectives’ 2024 Frankfurt Book Fair magazine is a showcase of global publishing, book market trends, and people to know. By Hannah Johnson s thousands of publishers, agents, authors, and book industry professionals gather together in Frankfurt this week, Publishing Perspectives is... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-10-16 14:26:43 UTC ]
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'One of Asia’s best performing major emerging economies,' the Philippines is also home to a growing book industry that nourishes Filipino authors and sustains local publishers. The post Frankfurt’s 2025 Guest of Honor: The Landscape of the Philippines’ Literature appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-10-16 05:00:08 UTC ]
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Days before opening its guest of honor week at Frankfurt, Italy's publishers' point to a €100 million loss in public funds under the Meloni government. The post Frankfurt: Guest of Honor Italy Reports Book Industry Slowdown appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-10-10 02:46:20 UTC ]
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While the Book Industry Charitable Foundation continues to raise funding to help Southeastern booksellers at need, the Southern Indie Booksellers Alliance and booksellers across the South are rallying to assist. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-04 04:00:00 UTC ]
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A 26.8-percent decrease in returns was a factor in the US market's trade net sales in June, according to the AAP's new StatShot report. The post AAP StatShot: US Book Industry Was Up 6.2 Percent in June appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-09-19 21:48:55 UTC ]
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The entire Annapurna Interactive team has left the company after its executives walked out, according to Bloomberg. Apparently, the video game publisher's president, Nathan Gary, had been negotiating with Annapurna Pictures' founder Megan Ellison to spin off Annapurna Interactive into its own... Continue reading at Engadget
[ Engadget | 2024-09-13 12:30:45 UTC ]
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Amazon Prime Day 2024 is finally here and so is the deluge of laptop deals. Whether you need a lightweight notebook for school or a lightning-fast rig for marathon gaming sessions, these discounted laptops are primed (ha!) and ready to meet every need. You will need a Prime subscription,... Continue reading at PC World
[ PC World | 2024-07-16 07:05:00 UTC ]
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With Amazon Prime Day 2024 right around the corner, we’re seeing loads of laptop deals popping up all over the place like wild daisies. That means you don’t have to wait until the official event arrives on July 16th. Prime Day sales are exclusive to Prime members, so make sure you’ve... Continue reading at PC World
[ PC World | 2024-07-12 10:05:00 UTC ]
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Over 500 industry professionals sign open letter to bookseller after employee’s post about ‘tearing up books’ by Christina DalcherMore than 500 authors and book industry professionals have signed an open letter calling on Waterstones to reverse a decision to dismiss an employee who said she... Continue reading at The Guardian
[ The Guardian | 2024-07-11 10:31:48 UTC ]
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In its look at Q1 2024, the American publishers' StatShot tracking analysis sees children's and YA books under pressure in March. The post AAP StatShot: US Book Industry Flat in First Quarter appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-05-16 18:51:38 UTC ]
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Publishers and booksellers worked together to secure an exemption from the EU's late payment legislation, a decision that protects the publishing's unique business model. The post World Book Day: EU to Exclude Book Industry from Late Payment Regulations appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-04-23 23:25:00 UTC ]
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A return to doing industry research and broadening the organization's ties to such industry key players as literary agents and authors are part of the Book Industry Study Group's new three-year initiative. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-04-16 04:00:00 UTC ]
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The Chinese book market in 2023 went from negative to positive in its growth metrics, thanks in part to a fast rise in short-video book promotion. The post China’s Book Industry in 2023: Back in the Black appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-28 19:35:32 UTC ]
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Book piracy is costing the Italian book market more than a quarter of its overall value, according to a study commissioned by the AIE. The post Piracy in Italy: Study Shows Book Industry Losing €705 Million Annually appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-08 22:07:51 UTC ]
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The Book Industry Charitable Foundation's is bringing a dozen diverse participants into its pilot program for business incubation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-03-05 05:00:00 UTC ]
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A new report from Italy shows the value of its consumer book industry rose in 2023, despite a slight drop in overall unit sales. The post Frankfurt Guest of Honor Italy: Trade Book Sales Up in 2023 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-01-26 19:48:56 UTC ]
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In addition to announcing changes to its executive committee, the Book Industry Charitable Foundation this week named three new board members: Christian publisher Chriscynethia Floyd, former Abrams CEO Michael Jacobs, and Vermont bookseller Emma Kaas. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-01-10 05:00:00 UTC ]
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