The ebook is still central to B&N's strategy, but it's not selling. Barnes & Noble revealed disappointing third quarter finances this morning, including a serious decline in revenues from its Nook digital e-readers. Overall revenues were $2.2 billion, down 8.8% year on year, and its earnings were just $55 million, down 63$ on 2012. Nook division revenues were down 26% on the same quarter for 2012, with the slippage coming from sales of the e-reader devices themselves--digital content sales actually rose by 6.8%, but not enough to cover the dip in device sales. CEO William Lynch is reported as saying his company remains "committed" to the Nook, and is actively trying to reduce costs in this division of the firm in order to make it more profitable. In January the company revealed it is planning to slowly reduce the number of high street stores it operates, but that this is a considered long-term move.Read Full Story Continue reading at 'Fast Company'
[ Fast Company | 2013-02-28 00:00:00 UTC ]
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Belgian researchers report that the aroma of chocolate inspired bookstore shoppers to stay in the store longer, while boosting the sales of certain genres. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-24 00:00:00 UTC ]
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Uncertainty has been hovering over Barnes & Noble ever since the retailer first reported that 2012 holiday sales— especially those of its Nook reading devices—were well below expectations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-07-12 00:00:00 UTC ]
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Barnes & Noble CEO William Lynch resigned after the company reported disappointing fourth-quarter numbers. The bookstore chain also recently announced that it's seeking another company with which to produce the B&N Nook tablet devices. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-07-10 00:00:00 UTC ]
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The chief executive of US bookstore chain Barnes & Noble, William Lynch, resigns as sales of its Nook ebooks and devices continue to fall. Continue reading at BBC News
[ BBC News | 2013-07-09 00:00:00 UTC ]
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Sales of printed books jumped more than £1m last week, after the value of the market hit a... Continue reading at The Bookseller
[ The Bookseller | 2013-04-16 00:00:00 UTC ]
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Nook Press gives authors up to 65 percent of their revenue and allows them to sell their titles anywhere. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-04-10 00:00:00 UTC ]
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Barnes &Noble has reportedly been ordering fewer Simon & Schuster titles than it normally does as the book retailer and the publisher wrangle over cost issues. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-03-26 00:00:00 UTC ]
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Barnes & Noble is facing its most tumultuous period since Len Riggio began building the retailer some 40 years ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-03-01 00:00:00 UTC ]
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Barnes & Noble isn¿t near dead, but a lot of writers are lining up to lament its passing. Barnes & Noble isn’t near dead, but a lot of writers are lining up to lament its passing. They say the chain’s demise would be a blow to books, especially in suburban America. Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-02-06 00:00:00 UTC ]
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America's last major book store chain is shuttering locations as it tries to evolve for a digital future. Is this simply a tough transition, or the beginning of the end? Continue reading at The Atlantic
[ The Atlantic | 2013-02-05 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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Barnes & Noble’s second-quarter financial performance had both good news and bad news. Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-12-01 00:00:00 UTC ]
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Tablets and other digital reading devices are expected to be big sellers this holiday season due in part to the growing number of devices available from a host of manufacturers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-11-23 00:00:00 UTC ]
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As anticipated, the Nook tablet e-readers, the Nook HD and HD+, have gone on sale in the UK today... Continue reading at The Bookseller
[ The Bookseller | 2012-11-22 00:00:00 UTC ]
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In a move that could provide a boost to the small but growing digital comic book business, DC Comics has signed deals to sell comics through online stores owned by Apple, Amazon and Barnes & Noble. Continue reading at Los Angeles Times
[ Los Angeles Times | 2012-11-08 00:00:00 UTC ]
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Barnes & Noble's arrival in the UK has been so well-telegraphed, you might be surprised to learn that today's the day the units actually launch. You'll be able to pick up a Nook Simple Touch or awkwardly-titled Nook Simple Touch with Glowlight from retailers such as John Lewis, Sainsbury's... Continue reading at Engadget
[ Engadget | 2012-10-29 00:00:00 UTC ]
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Barnes & Noble's Nook e-readers, the Nook Simple Touch and Nook Simple Touch GlowLight,... Continue reading at The Bookseller
[ The Bookseller | 2012-10-29 00:00:00 UTC ]
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Barnes & Noble has suffered a serious security breach in 63 of its shops. Payment readers were fitted with a bug, which has harvested details of customers' credit cards. The firm discovered the breach over six weeks ago, but has kept the matter quiet at the behest of the Justice Department,... Continue reading at Fast Company
[ Fast Company | 2012-10-25 00:00:00 UTC ]
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Book retailer Barnes & Noble this morning revealed that 63 of its stores have been victims of PIN pad tampering, following an internal investigation of "every PIN pad in every store" (just under 700 locations). B&N calls the tampering, "a sophisticated criminal effort to steal credit... Continue reading at Engadget
[ Engadget | 2012-10-24 00:00:00 UTC ]
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