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 ]
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Barnes and Noble has revealed plans to launch a new "prototype" store later this year, a US conference has heard. Continue reading at The Bookseller
[ The Bookseller | 2016-02-26 00:00:00 UTC ]
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Well, this process seems a bit counterintuitive, eh? This morning, Barnes & Noble introduced a new scheme for getting Nook customers to visit the company's retail stores. The promotion nets you one free ebook when you purchase another, but -- and this is where the offer tripped us up a bit... Continue reading at Engadget
[ Engadget | 2013-05-02 00:00:00 UTC ]
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Just 12 hours after (already denied) rumors circulated that Barnes & Noble may ditch its Nook business, the company has had to make an announcement concerning its retail division. Thanks to SEC regulations, the company has had to 'fess up that majority shareholder and "founder*" Leonard... Continue reading at Engadget
[ Engadget | 2013-02-25 00:00:00 UTC ]
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There will be a lot fewer old-fashioned books in the Big Apple over the next decade. Barnes & Noble announced Monday morning that it is planning to prune between 189 and 239 stores by 2023, from its current total of 689. Local real estate brokers speculate that some of those locations will... Continue reading at Crains New York
[ Crains New York | 2013-01-29 00:00:00 UTC ]
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B&N will cut up to a third of its brick-and-mortar stores, slowly and carefully over 10 years. Bookseller Barnes & Noble has said it expects to shut up to a third of its real-world stores. CEO Mitchell Klipper has confirmed the plans in an interview with the Wall Street Journal. But... Continue reading at Fast Company
[ Fast Company | 2013-01-28 00:00:00 UTC ]
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Bookstore chain Barnes & Noble said Friday its holiday sales look disappointing and that publisher Pearson Plc took a 5% stake in its Nook e-reader business. Continue reading at Los Angeles Times
[ Los Angeles Times | 2012-12-28 00:00:00 UTC ]
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Barnes & Noble Nook is ramping up its digital media offerings with a new video-download and rental service. Continue reading at AllThingsD
[ AllThingsD | 2012-09-25 00:00:00 UTC ]
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John Malone, the chairman of Liberty Media, explained why his company made a buyout bid for Barnes & Noble valuing it at $1 billion. The decision came down to Liberty's bid for Sirius and his outlook for Nook, he said. You might look at the experience we've had with Sirius XM, Malone told... Continue reading at AdWeek
[ AdWeek | 2011-05-24 00:00:00 UTC ]
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Barnes & Noble Inc. said that Liberty Media Corp. has offered to buy the bookseller in a deal valuing it at about $1 billion. Barnes & Noble shares were up 20 percent in after-hours trading Thursday on the news, matching the $17-a-share offer price from John Malone's media empire. Continue reading at AllThingsD
[ AllThingsD | 2011-05-20 00:00:00 UTC ]
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Barnes & Noble Inc. said that Liberty Media Corp. has offered to buy the bookseller in a deal valuing it at about $1 billion. Barnes & Noble shares were up 20 percent in after-hours trading Thursday on the news, matching the $17-a-share offer price from John Malone's media empire. Continue reading at AllThingsD
[ AllThingsD | 2011-05-20 00:00:00 UTC ]
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Barnes & Noble acquired Sterling in 2003, and it was rebranded as Union Square & Co. in January 2022 at the direction of B&N CEO James Daunt. Emily Meehan will continue to head Union Square, which will become part of HBG's Grand Central Publishing Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-19 05:00:00 UTC ]
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B&N's book the year, Reading Rainbow gets a Prime spot, and more in today's book news. Continue reading at Book Riot
[ Book Riot | 2024-11-15 20:04:44 UTC ]
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In the quarter just before the fall rush season begins, B&NE saw sales of its inclusive access programs rise 32% as it continued its efforts to better control costs. Overall, profits slipped 0.3%, to $263.4 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-12 04:00:00 UTC ]
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He pioneered the bookstore-as-superstore, a retail behemoth that dominated the industry before Amazon overtook it with its online reach. Continue reading at The New York Times
[ The New York Times | 2024-08-30 23:05:12 UTC ]
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Len Riggio, former chair of Barnes & Noble, dies at 83. The visionary entrepreneur revolutionized bookselling in the US. The post Barnes & Noble’s Len Riggio, Dead at Age 83 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-08-27 22:00:47 UTC ]
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From upstart to Goliath to villain and back, Leonard Riggio's influence was unparalleled in the world of books. Continue reading at Book Riot
[ Book Riot | 2024-08-27 20:30:32 UTC ]
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Leonard Riggio, a brash, self-styled underdog who transformed the publishing industry by building Barnes & Noble into the country’s most powerful bookseller but later saw his company overtaken by the rise of Amazon Continue reading at ABC News
[ ABC News | 2024-08-27 20:22:22 UTC ]
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Former Barnes & Noble chair Leonard Riggio, powerhouse of modern bookselling, has died at 83, his family says Continue reading at ABC News
[ ABC News | 2024-08-27 17:25:53 UTC ]
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What do you think of Barnes & Noble's plans surrounding the future of the Tattered Cover? Continue reading at Book Riot
[ Book Riot | 2024-07-31 18:23:52 UTC ]
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The move marks a swift close for B&N’s $1.83 million acquisition bid for the embattled indie, announced last month, which includes four stores in Denver and will allow Tattered Cover to keep its name and branding. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-31 04:00:00 UTC ]
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