Barnes & Noble Inc., the struggling bookseller, reported "material weakness" in its accounting and restated three years of financial results. Investors seemed alarmed by more bad news from the unprofitable retailer whose chief executive stepped aside earlier this month and they bid down its stock by 4%.Barnes & Noble said Monday that errors in reporting sales and occupancy costs, plus an inaccurate tally of income-tax refunds received when it was unprofitable in 2011 and 2012, caused the company to over-report losses over those two years by $9 million. Actual losses over those two years were $134 million, not the $143 million, the company.In 2010, the company's last profitable year, Barnes & Noble said it really earned $43 million instead of the $37 million initially reported. The company said it previously had overstated sales and occupancy costs and understated the amount it owed in taxes. It in fact paid $12 million in income taxes that year, 50% more than the previously reported amount.The bookseller said the errors resulted from "inadequate controls over the accrual reconciliation process at its distribution centers" and it is working to fix the problem.A spokeswoman for the bookseller didn't immediately return a call seeking comment.The accounting problems seem to stem from the company's decision to buy more books directly from publishers instead of wholesalers. In its annual report, Barnes & Noble said it has invested significantly in new warehouses... Continue reading at 'Crains New York'
[ Crains New York | 2013-07-30 00:00:00 UTC ]
News tagged with:
#leonard riggio
Book "trends" are not what the world needs; we present here an extremely comprehensive overview of what the book world could really use. Continue reading at Book Riot
[ Book Riot | 2023-02-13 11:37:00 UTC ]
More news stories like this | All news stories tagged with:
#book world
Publishers exhibiting with IPG at London Book Fair will be able to have a 'shelf' in Exact Editions' digital showcase and 'reading room.' The post Exact Editions To Showcase IPG Publishers’ Books at London Book Fair appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-01-09 06:00:48 UTC ]
More news stories like this | All news stories tagged with:
#london book fair
#reading room
Censorship attempts and book bans are at an all time high, but even a handful of people in a book club can make a difference. Here's how. Continue reading at Book Riot
[ Book Riot | 2022-12-15 11:35:00 UTC ]
More news stories like this | All news stories tagged with:
#book club
#time high
#book bans
#books bans
#censorship attempts
The best YA book deals of the day, sponsored by the audio edition of Saint by Adrienne Young.`Sponsored by the audio edition of Saint by Adrienne... Continue reading at Book Riot
[ Book Riot | 2022-12-10 11:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya book
#audio edition
Book review podcasts are an engaging way to discover new books. Check out these podcasts across different genres, including All The Books! Continue reading at Book Riot
[ Book Riot | 2022-11-30 11:32:00 UTC ]
More news stories like this | All news stories tagged with:
#book review
The best YA deals of the day, sponsored by MITeen Press.`MITeen Press`https://candlewick.com/r/hanmoji-bookriot`https://bookriot.com/wp-content/uploads/2022/11/Hanmoji_300x500-180x300.jpg.optimal.jpg` Continue reading at Book Riot
[ Book Riot | 2022-11-26 11:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya book
#`miteen press`https
#miteen press
#ya deals
The 36th edition of the Guadalajara International Book Fair will showcase 70 children's performances and Guest of Honor Sharjah. The post Guadalajara International Book Fair To Present 620 Book Presentations appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-11-22 22:16:54 UTC ]
More news stories like this | All news stories tagged with:
#honor sharjah
#36th edition
While still in the early stages of the legislative process, the proposed bill in Texas would require publishers to develop a new rating system for books, and would give Texas state officials the power to bar schools from doing business with publishers who do not comply with the state’s directives. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-11-17 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#early stages
Here are Amazon Book Editors' top ten books of the year, as well as trends they've noticed in published in 2022. Continue reading at Book Riot
[ Book Riot | 2022-11-15 14:00:00 UTC ]
More news stories like this | All news stories tagged with:
#amazon book
The best YA book deals of the day, sponsored by Lerner Publishing Group. `Lerner Publishing Group`https://lernerbooks.com/braidingsweetgrass?utm_source=bookriot[AMP]utm_medium=banner[AMP]utm_campaign=mk275-1022`https://bookriot.com/wp-content/uploads/2022/11/9781728458991fc-200x300.jpg.optimal.jpg` Continue reading at Book Riot
[ Book Riot | 2022-11-12 11:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya book
The best YA book deals of the day, sponsored by Penguin Teen. `Penguin... Continue reading at Book Riot
[ Book Riot | 2022-11-05 10:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya book
#`penguin teen`https
#penguin teen
BookLooks, RatedBooks, and more biased online rating systems getting books banned. That, plus this week's book censorship news. Continue reading at Book Riot
[ Book Riot | 2022-11-04 10:40:00 UTC ]
More news stories like this | All news stories tagged with:
#online book
Today’s edition of kids' book deals is sponsored by sponsored by Triumph Books`Triumph Books`https://www.triumphbooks.com/big-book-of-who-football-products-9781637272527.php?page_id=21`https://bookriot.com/wp-content/uploads/2022/11/SI-Kids-Big-Book-of-WHO-Football-262x300.jpg.optimal.jpg` Continue reading at Book Riot
[ Book Riot | 2022-11-02 15:07:08 UTC ]
More news stories like this | All news stories tagged with:
#children’s book
#book deals
The best YA book deals of the day, sponsored by Penguin Random House Audio: browse today where you can discover books that play!`Penguin Random House... Continue reading at Book Riot
[ Book Riot | 2022-10-22 10:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya book
#penguin random house
#random house
Today’s edition of kids' book deals is sponsored by Sponsored by Dynamite Entertainment`Dynamite... Continue reading at Book Riot
[ Book Riot | 2022-10-19 13:26:19 UTC ]
More news stories like this | All news stories tagged with:
#children’s book
#book deals
This week's book censorship news, plus a look at US public libraries declaring themselves upholders of the First Amendment Rights of all. Continue reading at Book Riot
[ Book Riot | 2022-10-14 10:40:00 UTC ]
More news stories like this | All news stories tagged with:
#public libraries
#amendment rights
As the largest online catalog of published Japanese content in the world, Japan Book Bank is the best and easiest way for publishers and copyright agents to discover new Japanese books and authors. PW caught up with Yoshiaki Hamza Yoshino of Japan Book Publishers Association to discuss JBB and... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-11 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#publishers association
#pw caught
The best YA book deals this week, sponsored by MITeen Press. `MITeen Press`https://www.amazon.com/Tasting-Light-Science-Fiction-Perceptions/dp/153621938X`https://bookriot.com/wp-content/uploads/2022/10/TastingLight_300x500-180x300.png` Continue reading at Book Riot
[ Book Riot | 2022-10-08 10:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya book
#`miteen press`https
#miteen press
Looking for the best books like BOOK LOVERS by Emily Henry? Here are some of the best enemies-to-lovers, book industry romances, and more. Continue reading at Book Riot
[ Book Riot | 2022-10-03 10:37:00 UTC ]
More news stories like this | All news stories tagged with:
#book industry
#emily henry
#book lovers
The best YA book deals of the day, sponsored by Demon in the Wood by Leigh Bardugo; illustrated by Dani Pendergast `Demon in the Wood by Leigh Bardugo; illustrated by Dani... Continue reading at Book Riot
[ Book Riot | 2022-10-01 10:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya book
#leigh bardugo