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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Lynn Mooney and Sarah Hollenbeck, two Women & Children First employees, have purchased the 35-year-old Chicago feminist bookstore from its founders. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-16 00:00:00 UTC ]
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Poland's two largest bookstore chains, Matras and Empik, are adding new services and plan vast expansions amid a shrinking number of independent bookstores. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-07-15 00:00:00 UTC ]
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Today PW introduces a new Friday feature that collects news about bookstores and bookselling from throughout the week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-11 00:00:00 UTC ]
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According to staff, World Book Night U.S. will be suspended due to lack of money. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-07-03 00:00:00 UTC ]
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Brick-and-mortar book stores have clearly been on the decline for a while -- just look at Barnes & Noble's rocky finances. However, there's now some tangible evidence that the pendulum has swung in favor of internet-based sales. BookStats estimates... Continue reading at Engadget
[ Engadget | 2014-06-30 00:00:00 UTC ]
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Simon Barnes, The Times's award-winning chief sportswriter, is leaving the newspaper after 32 years. He claims the publisher can no longer afford his wages, according to a Sports Journalists' Association report. The report cites Barnes's email message to Mark Avery in which he wrote:"I have no... Continue reading at The Guardian
[ The Guardian | 2014-06-27 00:00:00 UTC ]
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BookStats, the statistics program formed out of agreement between the Association of American Publishers and the Book Industry Study Group, will not have a fifth year, at least not in its present form. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-23 00:00:00 UTC ]
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Book World, a regional chain of 48 bookstores located in small towns and cities in five Midwestern states, is closing two Wisconsin outlets this summer. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-23 00:00:00 UTC ]
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Despite the encroachment of digital downloads, sales of physical audiobooks remain resilient, with Nielsen BookScan reporting that units were up 6% through the first five months of 2014 compared to the same period last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-13 00:00:00 UTC ]
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Family Christian Stores, the largest Christian retail chain in the U.S., has appointed Charles Bengochea as president and CEO, succeeding Cliff Bartow, who is retiring after 11 years at the helm. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-13 00:00:00 UTC ]
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When Carmichael's Kids opens in Louisville, Ky., this August, it will be the third store and first children's specialty book and toy store for Carol Besse and Michael Boggs, founders of Carmichael's Bookstore in 1978. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-05 00:00:00 UTC ]
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Foyles is to leave St Pancras station in London after failing to renegotiate viable terms on its... Continue reading at The Bookseller
[ The Bookseller | 2014-06-02 00:00:00 UTC ]
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Christian retail sales increased slightly last year, even while the total number of stores in that market continued to decline, according to a state-of-the-industry report for 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-13 00:00:00 UTC ]
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Waterstones has opened another new-look store in York. The York bookshop has moved from its... Continue reading at The Bookseller
[ The Bookseller | 2014-04-30 00:00:00 UTC ]
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Much as predicted at the time of its acquisition by Amazon, Comixology is removing in-app purchasing from its iOS apps, eliminating the 30% sales commission to Apple. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-04-26 00:00:00 UTC ]
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This year several independent bookstores have tried putting their weight behind a single title in an effort to see if they can move the sales needle through strong, but quick, promotional efforts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-04-16 00:00:00 UTC ]
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Only two years after investment company ProCures bought the 16 Selexyz high street bookshops out... Continue reading at The Bookseller
[ The Bookseller | 2014-04-16 00:00:00 UTC ]
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PW 2014 Bookstore of the Year will open its second location in 15 years and return to Ninth Avenue. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-04-15 00:00:00 UTC ]
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What's more fun than ordering your next pair of nerd-chic glasses on the Internet? Getting them delivered to you via a magical pneumatic tube, that's what.Much like Warby Parker's flagship SoHo store, its new Upper East Side location has the feel of a luxurious, smartly curated book lover's den.... Continue reading at Fast Company
[ Fast Company | 2014-03-19 00:00:00 UTC ]
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Waterstones, children's laureate Malorie Blackman, poet laureate Carol Ann Duffy and Phillip Pullman among supportersA national campaign to stop children's books being labelled as "for boys" or "for girls" has won the support of Britain's largest specialist bookseller Waterstones, as well as... Continue reading at The Guardian
[ The Guardian | 2014-03-16 00:00:00 UTC ]
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