Once on the cutting edge of book-selling, B. Dalton will close its remaining 50 store locations by the end of the month, including the chain’s first store at the Southdale Shopping Center in Edina, MN. Minneapolis Star-Tribune Jan. 11, 2010
Playing catch-up to Amazon’s Kindle, B&N will introduce its new e-reader, called the Nook, at an event in NYC today. The Wall Street Journal Oct. 20, 2009 Paid subscription may be required.
“Barnes & Noble profit fell to $12.3 million, or 21 cents a share, for the quarter ended Aug. 1, from $15.4 million, or 27 cents a share, a year earlier.” Declining store traffic was largely to blame, according to CEO Steve Riggio. The Wall Street Journal Aug. 20, 2009
In an announcement yesterday, Barnes & Noble said that it would offer more than 700,000 books that could be read on a wide range of electronic devices, including Apple’s iPhone, the BlackBerry and personal computers. Amazon.com currently offers about 330,000 for its Kindle device. The New York Times July 21, 2009
“For the 48 weeks ended Jan. 3, Barnes & Noble store sales decreased 2.6% to $4.2 billion, while same-store sales decreased 5.4%.” Online sales for the period dropped 0.4 percent to $422.9 million. The Wall Street Journal Jan. 8, 2008 Paid subscription may be required.
Stores in Gulfport, Miss., and Lafayette, La. have re-opened and a spokesman for the company said that other affected stores are scheduled to re-open over the weekend. Publishers Weekly (Sept. 5, 2008)
The bookseller was up against a tough comparisons with last July’s release of the final installment in the “Harry Potter” series. Despite the drop, B&N beat analysts’ expectations. The Wall Street Journal (Aug. 21, 2008) Paid subscription may be required.
According to a story in the Wall Street Journal, Barnes & Noble Inc. has decided not to pursue an acquisition of number two book seller Borders Group, Inc. Concerns about the length of some of Borders’ store leases was reportedly one of the reasons for B&N’s decision. Reuters (Aug. 14, 2008)
Barnes & Noble, Inc., has assembled a team of executives and advisors to review purchasing Borders Group, Inc, the number two bookstore operator, which put itself up for sale in March. A combined B&N and BGI — if federal regulators allowed it — would control roughly a third of the retail book market. The Wall [...]
News of Borders’ liguidity challenges sent its shares plunging almost 29% yesterday. Commenting on the news about a rival bookseller, Barnes & Noble’s coo, Mitchell S. Klipper, said his company had not been approached by Borders, but would potentially be interested in a purchase. The New York Times The Wall Street Journal Paid subscription may be [...]