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.
February 21, 2012 |
When Barnes & Noble launched the Nook Tablet last fall, it did so at a higher price and with more storage space than the rival Amazon Kindle Fire. But on Tuesday, Barnes & Noble's Nook Tablet was dropped down to Amazon's level. Barnes & Noble has announced a new version of its Nook Tablet with 8 gigabytes of storage and a price of $199 , matching the Kindle Fire on both points. The previous version of the Nook Tablet , which was released in November, is exactly the same as the new lower-priced offering, except it has 16 gigabytes of built-in storage and sells at a price of $249 . Barnes & Noble's other 8-gigabyte tablet, known as the Nook Color, was cut from $199 to $169 on Tuesday as well.
January 31, 2012 |
Bookseller Barnes & Noble volleyed another shot at rival Amazon.com by announcing that the chain will stop selling books in its stores published by the Internet retail giant. Jaime Carey, chief merchandising officer at Barnes & Noble, said in a statement Tuesday that Amazon had "undermined" the book industry by pushing for exclusive deals with authors, agents and publishers. The decision escalates the long-running rivalry between the companies as they battle over the burgeoning digital book market with rival e-readers (Amazon's Kindle, Barnes & Noble's Nook)
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.
December 4, 2011 |
Holiday Books: E-readers Book fans who are just now getting ready to take the e-reader plunge can go straight to the tablet: Three major book retailers each has its own full-color, multimedia touchscreen tablets that follow in the iPad's shiny footsteps while trying to put books before Angry Birds. The iPad has some e-reading advantages. Its large 9.7-inch screen is wide enough to let e-books open into a two-page layout, and you see pages flip at your fingertips, yet it does so much with its enormous variety of apps, easy streaming and 3G connectivity that it also comes with a pricetag that starts at $499.
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.
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.