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.
January 30, 2013 |
If small vessels are your thing , a tour aboard Aurora Explorer, which delivers freight to remote logging camps and villages in Canada 's Inside Passage, may be for you. With the ability to handle only a dozen passengers, however, the journeys are selling out quickly. As of late January, only a few staterooms were available on select sailings, said Jennine Chater, tour coordinator for Marine Link, the Campbell River-based company that operates the 135-foot vessel. Prices can be significantly higher on the Aurora Explorer than those on big ships, which generally pass through but don't stop in this rugged stretch on journeys to and from Alaska.
January 28, 2013 |
Big box bookstores such as Barnes & Noble were once considered a major threat to the health of the book-selling industry, offering discounts, massive selections and lattes that independent bookstores could not. Now things have changed: Barnes & Noble is the last national bookstore chain standing, and it's getting smaller ... and smaller ... and smaller. In 2008, Barnes & Noble had 726 stores. It currently has 689 stores and in 10 years, it plans to have just 450 to 500. That's what Mitchell Klipper, chief executive of Barnes & Nobkle's retail group, told the Wall Street Journal.
December 28, 2012 |
Bookstore chain Barnes & Noble said Friday its holiday sales look disappointing and that publisher Pearson Plc took a 5% stake in its Nook e-reader business. In a regulatory filing, the New York company said early reports indicate its holiday sales fell below expectations and its Nook unit won't meet initial projections for the fiscal year. But news that Pearson agreed to invest $89.5 million in cash into its Nook division, which values the business at $1.79 billion, sent shares of Barnes & Noble up 6.3% to $15.25 in midday trading.
October 25, 2012 |
Barnes & Noble, the country's largest bookseller, said data thieves hacked into payment devices and may have stolen customer credit and debit card information at 63 of its stores nationwide, including 20 in California. Hackers planted bugs in a single card reader at each of the stores, the company said. Customers swipe their payment cards through the machines and, if using a debit card, enter their personal identification number. Those PINs may be at risk, along with other account information, potentially giving thieves access to customers' private accounts.
September 26, 2012 |
Not wanting to get left behind, Barnes & Noble on Wednesday announced two new tablets: the 7-inch Nook HD and the 9-inch NOOK HD+. The two tablets are playing catch-up to Apple, Google and, most notably, Amazon, which just this month announced its own set of new tablets. The new Nook HD features a 7-inch screen with a higher resolution than its competitors at 1,440 by 900 pixels. Barnes & Noble said the Nook HD also weighs just 315 grams, or 11 ounces, has a 1.3Ghz dual-core processor and is available starting at $199 for an 8 GB model and $229 for a 16 GB version.