June 25, 2013 |
Barnes & Noble announced its exit from the tablet manufacturing business Tuesday, blaming its line of Nook color-screen tablets for poor annual earnings. The book retailer said a 16.8% drop in sales of all Nook devices -- including its black-and-white e-readers -- for the 2013 fiscal year was a big reason for the company's overall fiscal year revenue being down more than 4% to $6.8 billion. The company based in New York City said its unsold inventory of Nooks was key to company losses of nearly $155 million for the year, nearly 136% higher than net losses posted for fiscal year 2012.
June 25, 2013 |
Barnes & Noble is getting out of the color tablet business (mostly). It announced Tuesday that it will cease production of its color Nook tablets -- although it plans to allow third parties to produce them, under pending licensing deals. Could this be a punt to Microsoft, which made a major investment in Nook Media, the Nook-focused unit that Barnes & Noble spun off last year? Even the experts don't know. "One thing still not clear from the announcement today: How Microsoft and U.K. publisher Pearson are looking at the Nook business," the Wall Street Journal writes . "The two companies own minority stakes in Nook Media....
May 23, 2013
Believe it or not, something good has happened to brick-and-mortar bookstores. In the first quarter of 2013, more book buyers walked in their doors -- a lot more. Retail watcher Placed Insights found brick-and-mortar booksellers saw a 27% increase in shopper traffic in the first three months of 2013 when compared to the same period in 2012. That's according to a report in National Real Estate Investor, which keeps an eye on which stores tend to draw customers. National bookseller Barnes & Noble saw a major increase in foot traffic, moving up eight places to become the 17th-most visited store in the country.
May 14, 2013 |
Earlier this month, Barnes & Noble stocks jumped at reports that its Nook unit would be sold to Microsoft for $1 billion . The website Techcrunch reported that it had obtained documents that outlined Microsoft's offer. Now there is a counter-rumor: That Microsoft has no plans to make such a bid. That comes from the lower-profile tech website InsiderMonkey. According to its unnamed source, Microsoft has made no moves to buy the Nook and none will be forthcoming, because of the different operating systems.
May 7, 2013 |
Barnes & Noble has dropped the price of its Nook tablet just in time for Mother's Day. The Nook HD tablet is now $149, a $50 discount; the larger-screened HD-Plus is $90 off, dropping from $269 to $179. "Amazing price for Mother's Day, in-store and online through 5/12," the bookstore's website reads. The company's tablet could use a little mother love. Revenues for the Nook line -- which includes single-purpose e-readers as well as the multi-purpose tablets -- declined over the holiday season by more than $100 million from the year before.
May 6, 2013 |
Barnes & Noble knows it's not winning the tablet race by any margin, but the book retailer is hoping for a big boost for Mother's Day. The company is discounting its 9-inch screen Nook HD+ tablet by $90 , down from $269 to $179. Barnes & Noble is also discounting the Nook HD by $50 from $199 to $149. The Nook HD has a smaller 7-inch screen with a lower resolution than the screen on the Nook HD+. But besides discounts, Barnes & Noble is also making efforts to improve the products to spur sales.
March 7, 2013 |
In a bid to spur sales of its struggling Nook tablet, Barnes & Noble Inc. struck deals with major Hollywood studios that will make more movies and television shows available on the device. Barnes & Noble's Nook Media subsidiary reached licensing deals with Lionsgate, MGM, Paramount Pictures, Relativity Media and others that will deliver thousands of additional videos to the service, including such hit films as "The Hunger Games," the "Twilight" movies, "Flight" and "Paranormal Activity 4" and television shows such as "Mad Men. " "Nook is one of a growing spectrum of new digital buyers for our films and TV content and illustrates the breadth and depth of opportunities for monetizing our content across a broad array of platforms," Thomas Hughes, Lionsgate's senior vice president of digital, said in a statement.
March 6, 2013 |
Reggae musician Ziggy Marley is planning to launch his first children's book, "I Love You Too," with signings, readings and acoustic concerts at the Americana at Brand and the Grove . The first event is a concert and reading at 11 a.m. Thursday at the Kids Club at the Grove, 189 The Grove Drive, Los Angeles, followed by a book signing at the shopping center's Barnes & Noble at 1 p.m. The second concert and reading is scheduled at...
February 28, 2013 |
Barnes & Noble said sales at its Nook e-reader and digital-book unit, often touted as the company's best hope for the future, tanked 26% during the crucial holiday quarter as the bookstore giant experienced weakness across all its categories. A decline in the number of Nook devices sold during the company's fiscal third quarter, which ended Jan. 26, compelled Barnes & Noble on Thursday to announce a cost reduction program in the division as well as plans to cut e-reader prices. Barnes & Noble owns 78% of the Nook unit, with Microsoft and Pearson.
February 25, 2013 |
Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain's growth. In a Securities and Exchange Commission filing, Riggio said he plans to make an offer for Barnes & Noble Booksellers and barnesandnoble.com. The proposal will exclude the separate unit the company created this fall to deal with its Nook e-reader and college bookstores efforts.