July 21, 2009 |
Barnes & Noble Inc., which withdrew from the nascent digital book market in 2006, said Monday that it had reentered the growing field and launched "the world's largest e-bookstore." The New York retailer, which operates 777 stores in the U.S., boasted that its online bookshop has more than 700,000 titles. Included in the tally are about half a million books in the public domain and available as free downloads via a partnership with Google Inc.
September 28, 2010 |
Barnes & Noble Inc.'s shareholders voted to keep Chairman Leonard Riggio on the board of the company he founded, rejecting an attempt at his ouster by Ron Burkle's Yucaipa Cos. to shake up the largest U.S. bookstore chain. Riggio, the biggest shareholder, was re-elected to the nine-member board with less than 50 percent of votes cast, Yucaipa said in a statement. The slate from Yucaipa, the second- largest holder, included Burkle. The vote caps more than a year of Burkle and Riggio clashing over the company's direction as the chain tries to keep its 700 superstores profitable amid growing popularity of digital books and online sales.
August 4, 2010 |
Bookstore behemoth Barnes & Noble Inc., facing tough competition from online retailers and a free-falling stock, said Tuesday that it was considering selling itself. The New York company said it was putting together a special committee to "evaluate strategic alternatives" to boost its "significantly undervalued" shares. Shares surged 26% in after-market trading to $16.17 after closing down 98 cents, or 7.1%, at $12.84. The stock has nose-dived since April, when the price was hovering around $25. The bookseller's vulnerability has already captured the attention of Los Angeles billionaire and celebrity hobnobber Ron Burkle, a major stakeholder who has been making moves to increase his roughly 19% stake in the company.
March 12, 2010 |
The story line for bookstore giant Barnes & Noble Inc. is growing ever more dramatic, with falling store sales, increasingly stiff competition and a fierce battle over the company's shares led by a billionaire Los Angeles investor. Barnes & Noble changed the face of book retailing in the 1990s with its aggressive rollout of hundreds of superstores nationwide. Today, the New York company sells about 300 million books a year and accounts for roughly 18% of U.S. book sales, making it the world's largest bookseller.
September 29, 2010 |
Los Angeles billionaire investor Ronald Burkle lost his bid to unseat the chairman of book giant Barnes & Noble Inc. in a shareholder vote that ended Tuesday, delivering a big victory to the company's leadership. The closely watched vote was considered critical to the future of the company, with Barnes & Noble executives favoring a steady, tried-and-true method of running the world's largest bookseller and Burkle fighting for a major shake-up ? although he never made clear what plans he had for the company.
October 21, 2009 |
Barnes & Noble Inc., looking ahead to the next chapter in digital publishing, took the wraps off an electronic book reader, dubbed "nook." Anyone who has read Dr. Seuss' "One Fish Two Fish Red Fish Blue Fish" will recall Theodor Geisel's Nook who took a look at the book on a hook. For Barnes & Noble's $259 device, the hook is its ability to let users lend their books to their friends for up to 14 days at a time. Using the LendMe feature, nook owners can send a copy of their digital titles to their friends' iPhone, iPod Touch, BlackBerry or computer.