Investors flee as bid for Barnes & Noble's stores ends

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 ]
News tagged with: #top priority #innovative ways #book industry #electronic readers

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Moronic anti-LGBTQ bullies kicked out of Barnes and Noble.

Ethan Schmidt-Crockett, who I guess has made a name for himself “protesting” “woke” stores, was recently kicked out of an Arizona Barnes and Noble for quietly bullying the Pride Display. Schmidt-Crockett, alongside his unnamed sidekick, filmed himself prowling through Barnes and Noble, saying... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-20 13:50:23 UTC ]
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Barnes & Noble Revamps Loyalty Program with Premium Membership

The bookseller announced new benefits and discount perks in an effort to "revitalize" its membership ranks and unveiled an alternative free B&N Rewards loyalty program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-19 04:00:00 UTC ]
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Tove Jansson’s Moomin Characters Licensed to Barnes & Noble

Almost 80 years after the first of Tove Jansson's Moomins appeared, the US market finds the durable characters at Barnes & Noble. The post Tove Jansson’s Moomin Characters Licensed to Barnes & Noble appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-03-17 19:07:53 UTC ]
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Barnes & Noble to Overhaul Membership Program, Cut Free Educator Program

"Just use your library" is not the solution to the new price hikes and benefit decreases in Barnes & Noble's membership changes. Continue reading at Book Riot

[ Book Riot | 2023-03-01 12:57:36 UTC ]
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Barnes & Noble is stealing the indie shop playbook, and it’s working

James Daunt launched his first indie bookshop in London 33 years ago. The Barnes & Noble CEO is now bringing the lessons he learned to the biggest bookseller in America. If you’re strolling down the Marylebone High Street in London, you’ll stumble across a popular bookstore called Daunt... Continue reading at Fast Company

[ Fast Company | 2023-02-28 04:30:00 UTC ]
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Barnes & Noble Pushes Ahead in 2023

The bookselling chain saw sales in 2022 top those in the pre-pandemic period, but CEO James Daunt says there is still much more work to be done. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-10 05:00:00 UTC ]
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Column: Barnes & Noble saved itself by putting books first. Imagine that

Barnes & Noble was on the verge of disappearing, like Border's and Waldenbooks. Under new management it's turning around, and that's good news for readers. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-02-01 13:00:52 UTC ]
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How Barnes & Noble transformed its brand from corporate bully to lovable neighborhood bookstore

After years of store closings, Barnes & Noble is making a comeback with 30 new stores planned for 2023—and a new image. Branded is a weekly column devoted to the intersection of marketing, business, design, and culture.Read Full Story Continue reading at Fast Company

[ Fast Company | 2023-01-13 04:30:00 UTC ]
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Barnes & Noble to Host Inaugural BookTok Festival

The bookstore chain has announced the first-ever BookTok Festival will be held at its flagship store in New York City's Union Square on February 4. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-05 05:00:00 UTC ]
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Remember When Barnes & Noble Was the Bad Guy?

Revisiting a now quaint conflict about Barnes & Noble displacing indie booksellers in New York. Continue reading at Slate

[ Slate | 2022-12-20 08:00:00 UTC ]
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This is the Best Book of the Year, According to Barnes and Noble Booksellers

In addition to their top book of the year, Barnes and Noble booksellers also selected a winner for a new award for speculative fiction. Continue reading at Book Riot

[ Book Riot | 2022-11-11 15:00:02 UTC ]
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Barnes & Noble is Offering Buy One, Get One 50% Off on Hundreds of Books

Barnes & Noble is currently holding a huge Buy One, Get One 50% Off sale applied to hundreds of titles, both in store and online. Continue reading at Book Riot

[ Book Riot | 2022-10-13 17:01:37 UTC ]
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Barnes & Noble’s Best Books of 2022

Barnes & Noble has released their list of the best books of 2022. The list includes everything from memoirs to dystopian novels. Continue reading at Book Riot

[ Book Riot | 2022-10-10 14:26:02 UTC ]
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What Is Going On With Barnes & Noble?

Writers sounded the alarm after learning Barnes & Noble stores would only be stocking hardcovers with proven sales records. Here's more on what this means. Continue reading at Book Riot

[ Book Riot | 2022-08-19 15:26:28 UTC ]
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Barnes & Noble Huge 50% Off Sale

The annual Barnes & Noble sale is underway and offering 50% off some of the most popular books this year. Continue reading at Book Riot

[ Book Riot | 2022-08-12 16:55:39 UTC ]
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Barnes & Noble Announces Their Best Books of 2022 So Far

Ranging from middle grade fantasy to adult literary fiction and romance, here are Barnes & Noble's top 10 books of 2022 so far. Continue reading at Book Riot

[ Book Riot | 2022-06-07 13:23:38 UTC ]
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Barnes & Noble reveals a cheaper version of its Nook GlowLight 4 e-reader

Barnes & Noble has revealed its latest Nook e-reader, a more budget-friendly version of the Nook GlowLight 4 it announced in December. The Nook Glowlight 4e costs $30 less than the previous model but, as you might expect, there are some tradeoffs.The e-readers share a similar design, with... Continue reading at Engadget

[ Engadget | 2022-05-25 14:19:54 UTC ]
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Barnes & Noble Being Sued in Virginia Beach Over GENDER QUEER, COURT OF MIST AND FURY

A Virginia lawyer and state delegate has filed a restraining order against Barnes & Noble for carrying GENDER QUEER. Continue reading at Book Riot

[ Book Riot | 2022-05-19 11:23:55 UTC ]
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Barnes & Noble Preorders are 25% Off Until April 22nd

The Barnes & Noble preorder sale applied to print books, ebooks, and audiobooks. Here are some big name titles coming out soon to preorder now. Continue reading at Book Riot

[ Book Riot | 2022-04-20 19:56:32 UTC ]
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How Barnes & Noble Went From Villain to Hero

To independent booksellers, the enormous chain was once a threat. Now it’s vital to their survival. And it’s doing well. Continue reading at The New York Times

[ The New York Times | 2022-04-15 09:00:20 UTC ]
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