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 ]
Last August, I wrote about the Book Industry Charitable Foundation, or “Binc,” a Michigan-based non-profit created to support booksellers who have fallen on hard times. If a bookseller winds up in the hospital or a bookstore has a flood, Binc can step in and pay their bills, no questions asked... Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-29 08:48:18 UTC ]
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Quarantine may be a golden opportunity to finally read "War and Peace" — but it's not an easy time for the book industry. Continue reading at HuffPost
[ HuffPost | 2020-05-21 09:45:35 UTC ]
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The transfer of the 2020 Australian Book Industry Awards arrives as a slickly edited, expertly produced video evocation of the usual onstage event, full of personality and comedy. The post The Australian Book Industry Awards’ Digital Show: Undaunted by COVID-19 appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-20 16:56:37 UTC ]
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The pandemic and lockdown have affected the book industry from the fate of distributors to the closure of independent shops to the drop in individual book sales, and many literary prizes have this year postponed their announcements. But the Desmond Elliott Prize, for the first time under aegis... Continue reading at The Bookseller
[ The Bookseller | 2020-05-16 09:44:41 UTC ]
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The Book Industry Charitable Foundation, in partnership with the newly created Comicbook United Fund, have raised more than $950,000 to be used to support comic shop retailers struggling to survive during the pandemic lockdown. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-08 04:00:00 UTC ]
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News that Joerg Pfuhl plans to step down as CEO of Holtzbrinck prompts reflection from Rüdiger Wischenbart on Pfuhl's stance in the book industry. The post Joerg Pfuhl Departs Holtzbrinck: ‘Getting Back Liberty’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-07 16:51:01 UTC ]
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PW Star Watch, honoring leadership in the North American markets, will contribute to the Book Industry Charitable Foundation's pandemic-related efforts. The post PW Star Watch 2020 Partnership Will Contribute to Binc’s Pandemic Response appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-04-21 12:30:51 UTC ]
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Here we are in week three of our new (hopefully short-lived) weekly roundup of praise for publishers doing their part to give back to their communities and readerships during the COVID-19 pandemic. It’s heartening to see publishers act selflessly, despite the challenges their own businesses and... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-10 13:51:46 UTC ]
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Publishers Weekly has been providing news to book businesses since 1872, weathering many world crises since then. While the coronavirus pandemic brings new challenges to the magazine and the book industry it serves, current technologies are enabling the publisher to adapt. Continue reading at Publishing Executive
[ Publishing Executive | 2020-04-09 16:57:30 UTC ]
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An updating list of online treats from bibliophiles including JK Rowling, Simon Armitage and Lynda La Plante to entertain locked-down children and adults • The best arts and entertainment during self-isolationGruffalo artist Axel Scheffler has put out a free new picture book explaining the... Continue reading at The Guardian
[ The Guardian | 2020-04-09 11:04:32 UTC ]
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Author James Patterson is spearheading a group that includes Reese Witherspoon, Reese’s Book Club, the Book Industry Charitable Foundation, and the American Booksellers Association in an effort to raise millions of dollars to help save independent bookstores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Binc, the Book Industry Charitable Foundation, has emerged as one of the few reliable sources of financial support for independent booksellers amid the coronavirus pandemic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-24 04:00:00 UTC ]
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The coronavirus pandemic has hit independent bookstores hard, with booksellers and other book workers now in need of emergency support. Here are some opportunities we’ve spotted to help out, but please let us know of any others and will add to the post. (Email [email protected].) The Book Industry... Continue reading at Literrary Hub
[ Literrary Hub | 2020-03-23 20:01:09 UTC ]
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Almost all industries are now facing an unprecedentedly challenging time. Last week saw the book industry take a particular hit, as announcements to close all ‘non-essential stores’ across the UK arrived. Continue reading at The Bookseller
[ The Bookseller | 2020-03-23 16:33:16 UTC ]
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The rapid spread of the Covid-19 pandemic has forced every part of the book industry to make adjustments. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-20 04:00:00 UTC ]
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We will be maintaining a list of canceled events, impacted book industry functions and policies, and more on this list as a resource for navigating the new coronavirus and its impact on the industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-12 04:00:00 UTC ]
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Nigel Newton, founding CEO of Bloomsbury, is to receive a London Book Fair Lifetime Achievement Award for his 'huge contribution to the book industry.' The post Bloomsbury’s Nigel Newton Receives London Book Fair’s Lifetime Achievement Award appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-02-24 13:50:23 UTC ]
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The "American Dirt" uproar is prompting the book industry to review, reenforce, and revamp plans to become more diverse and inclusive. The publishing industry is predominantly run by white women, according to a new study. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-02-12 17:29:22 UTC ]
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The "American Dirt" uproar is prompting the book industry to review, reenforce, and revamp plans to become more diverse and inclusive. The publishing industry is predominantly run by white women, according to a new study. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-02-12 17:29:22 UTC ]
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The annual meeting of BISG in April will hear Barnes & Noble and Waterstones' James Daunt in a keynote address around supply chain issues. The post US Book Industry Study Group Announces James Daunt Keynote appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-01-14 15:25:18 UTC ]
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