August 21, 2012 |
Barnes & Noble Inc., the U.S. bookstore chain working to navigate a shift to digital content, posted a smaller fiscal first-quarter loss than analysts estimated, helped by the liquidation of rival Borders Group Inc. and sales of the "Fifty Shades of Grey" series. Tech-savvy readers snapped up the New York company's e-books and other digital content during the period, while cost-control efforts and lower expenses helped shore up its bottom line. Barnes & Noble also benefited from riding the buzz of "Fifty Shades of Grey" by E.L. James, the publishing phenomenon that has drawn legions of readers into bookstores.
August 14, 2012 |
"Boardwalk Empire," HBO's Emmy award-winning series, isn't the only story to depict a heated battle of corruption and greed over Atlantic City, N.J. In the 1990s, decades after mobsters and politicians fought over the Jersey Shore resort town during the Prohibition era, business tycoons and casino moguls Donald Trump and Steve Wynn slugged it out for the future of the Las Vegas East streets. Author and real estate developer Richard “Skip” Bronson, who worked closely with Wynn during those tumultuous times, writes of the drama behind the scenes as Wynn tried to move in on The Donald's turf while developing what would eventually become The Borgata Hotel & Spa, in his book “The War at the Shore: Steve Wynn, Donald Trump and the Epic War to Save Atlantic City" (Overlook: $26)
August 12, 2012 |
Barnes & Noble Inc. has dropped the prices of its signature Nook Tablet ahead of a reportedly updated version of the device set to be released in late September. The field for mobile and digital devices has become increasingly competitive. On Sunday, the book retailer announced that its 8-gigabyte Nook Tablet would now be sold for $179, a $20 reduction. It's 16-gigabyte Nook Tablet will cost $199, a $50 drop. And the Nook Color device will now sell for $149, a drop of $20. All of the devices include a 7-inch display and provide digital content, including e-books.
July 19, 2012 |
Following a report of an upcoming Nook that may have "revolutionary" screen technology, Barnes & Noble has begun offering a $50 gift card along with its current e-reader. The book retailer began offering the current $249 Nook with a $50 gift card Wednesday. The card can be applied toward e-book purchases as well as apps, accessories and other items, but the sale ends July 29. The 7-inch e-reader is offering the gift card following the launch of the Google Nexus 7 tablet, which also has a 7-inch screen but is more powerful, costs less and also offers $25 in Google Play credit in addition to a bundle of pre-packaged digital goodies that includes the movie "Transformers: Dark of the Moon.
June 5, 2012 |
Omar Amin was browsing for books, but instead he got the boot. The 73-year-old was looking for gifts for his two grandsons in an Arizona Barnes & Noble store when he got a rude tap on the shoulder: It seems a female customer told store officials she was “uncomfortable” that a man was in the children's section unaccompanied by any minor. A store employee told the 73-year-old Amin, the director of a Scottsdale medical clinic, to leave and escorted him out of the business.
May 1, 2012 |
Barnes & Noble Inc.'s prospects against rivals Amazon.com Inc. and Apple Inc. in the fast-growing digital reader business just got a big lift thanks to a $605-million investment from Microsoft Corp. For the nation's No. 1 bookstore chain, the infusion will help its Nook business better compete against the top-selling Kindle e-reader and iPad tablet computer and relieves some of the pressure on Barnes & Noble to turn a profit on the Nook. It's also a good deal for Microsoft, which is spending barely 1% of its $60-billion cash reserve to gain a bigger presence in the e-reader and tablet markets ahead of the widely anticipated launch of its Windows 8 operating software later this year.
April 30, 2012 |
Microsoft seems to have found an open window back into the e-book business, closing the door on an ongoing patent dispute with its new partner. The company announced it's making a $300-million investment into a strategic partnership with Barnes & Noble's digital media businesses. This financial infusion will result in an as-yet-unnamed new subsidiary for B&N's Nook device in which Microsoft will have a minority stake. “The shift to digital is putting the world's libraries and newsstands in the palm of every person's hand, and is the beginning of a journey that will impact how people read, interact with, and enjoy new forms of content,” said Andy Lees, Microsoft president, said in a statement.
April 23, 2012 |
Barnes & Noble Inc. shares rose sharply after Jana Partners, a hedge fund that has pushed for companies to sell off assets, disclosed a 12% stake in the largest U.S. bookstore chain. The New York-based retailer's shares jumped 18% to $13.41. Barnes & Noble is considering separating its growing Nook digital unit into a separate company so investors will give it the higher valuation of a technology business. In March the company hired a new chief financial officer, Michael Huseby, who helped spin off two units while at Cablevision Systems Corp.
April 12, 2012 |
E-reader lovers, get ready to toss your clip-on light--Barnes & Noble has just announced a new version of its Nook Simple Touch Reader that has an adjustable glow light built right in, making it possible to read in the dark -- unobtrusively. This is excellent news for middle-of-the-night readers, partners of middle-of-the-night readers who can't sleep with the light on, and parents trapped in a dark hotel room with a sleeping baby at 7:45 p.m. The new Nook will hit stores in May and will cost $139 -- about $40 more than the original Nook.
March 13, 2012 |
Struggling Barnes & Noble Inc., in its latest attempt to draw shoppers into bricks-and-mortar stores, is adding 25 in-store boutiques that sell products from Penguin publishing house, a report said. These boutiques, which have already been tested in 10 Barnes & Noble stores, are stocked with books published by Penguin and other gift-type items such as mugs and totes, the Wall Street Journal reported. Each one occupies about 200 square feet. The test boutiques have proved successful thus far, and Barnes & Noble decided to expand the concept into more than two dozen other stores, said Patricia Bostelman, a vice president of marketing for the bookseller.