February 22, 2012 |
Wal-Mart Stores Inc.'s strategy of offering deep discounts over the holiday season helped the world's largest retailer perk up its revenue, but profit for its fiscal fourth quarter was down compared with a year earlier. The chain had sales of $122.3 billion in the quarter that ended Jan. 31, up 5.8% from $115.6 billion the year before. But Wal-Mart's profit slipped 13% to $5.4 billion, or $1.50 a share, compared with $6.2 billion, or $1.70 a share, a year earlier. In same store sales, the chain reported a 1.5% year-over-year boost in the quarter — its second such increase after nine straight declines.
January 6, 2012 |
Shares of Barnes & Noble Inc. plunged 17% on Thursday after the book retailer said it was evaluating the possible sale of its Nook e-reader and tablet business. The New York company also said that as a result of investments in growing its Nook business and slow sales of its $99 Nook Simple Touch e-reader — which competes with rival Amazon.com Inc.'s Kindle e-reader — it expects to post a loss for the year of $1.10 to $1.40 a share. Barnes & Noble said it was considering spinning off the Nook business despite record sales over the holiday season.
November 27, 2011 |
The iPad, the heavyweight champ of the tablet world, has summarily knocked out every challenger it has faced since it debuted last year. The defeated include tablets with names including Xoom, PlayBook, TouchPad, G-Slate and Streak, none of which has grabbed more than a tiny sliver of the $10-billion tablet market over which the iPad reigns. But now a pair of new lighter-weight contenders are aiming to hit Apple Inc. where it hurts: the price tag. Amazon.com Inc.'s $199 Kindle Fire and the $249 Nook Tablet from Barnes & Noble Inc. retail for less than half the cost of the lowest-priced iPad and are undercutting the prices of nearly every brand-name tablet on the market.
November 27, 2011 |
Amazon.com's Kindle Fire has drawn a lot of media and consumer attention as the latest, and perhaps the first legitimate, contender to the iPad. But Barnes & Noble Inc. argues that Amazon is just following its lead. Nearly a year ago, the bookseller rolled out the Nook Color, a 7-inch device that it asserts is the second bestselling tablet behind Apple Inc.'s iPad. Now Barnes & Noble is trying to fend off Amazon with the $249 Nook Tablet, which looks the same as the $199 Nook Color but has a horsepower boost that makes it a more polished product worth considering for those who don't want to, or can't, spend $499 on an iPad.
CALIFORNIA | LOCAL
November 25, 2011 |
It isn't the cozy Shop Around the Corner — the indie bookstore of "You've Got Mail" movie fame — but it is the multilevel behemoth on the corner of Westwood and Pico boulevards that shoppers have browsed since 1995. And, now that Barnes & Noble has confirmed the unprofitable store's closing at year-end, lovers of things literary are bemoaning the demise of yet another Westside book merchant. "We're terribly distressed. We're devastated," said Teri Geske of Cheviot Hills, who one recent evening was checking out J.R.R.
November 8, 2011 |
Barnes & Noble Inc. has unveiled its Nook Tablet, the bookseller's answer to rival Amazon.com Inc.'s Kindle Fire tablet. The Nook Tablet is now available for preorder and will be shipped to Barnes & Noble stores and other retailers (Target, Staples, Wal-Mart, Office Max and others) late next week at a price of $249 — about $50 more than the Kindle Fire. Barnes & Noble Chief Executive William Lynch said Monday that for the extra $50, the Nook Tablet will offer beefier specifications that will add up to a faster, smoother experience when reading books, playing games or watching movies.