Barnes and Noble has announced that total sales for the holiday period were $953 million, declining 6.4% as compared to the prior year. Comparable store sales also declined 6.4% for the holiday period, while online sales declined 4.5%. Sales softened in December, primarily due to lower traffic. Book sales declined by 4%. One of the contributing factors to the holiday loses were … [Read more...] about Barnes and Noble Holiday Sales Declined by 6.4%
Bookselling News
Book cover art is ruined when it becomes a major motion picture
When a popular book becomes a major motion picture publishers change the cover art, or at the very least put a big red sticker one it. The Martian has Matt Damon's face on half of the editions at the bookstore, ditto with Philip Pullman's His Dark Materials trilogy. The Witcher book series is particularly awful in this regard, they just took some random piece of unrelated … [Read more...] about Book cover art is ruined when it becomes a major motion picture
Amazon Provides Some Interesting Holiday Statistics on Audiobooks and Ebooks
Every year Amazon pushes out a press release that talks about the top trends of the Christmas season and also what were the most popular items. Many media outlets have talked about how Alexa sales went through the roof this year or what electronics sold the most units. Lost in the shuffle were a number of audiobook, ebook and Amazon Bookstore statistics that go far beyond the … [Read more...] about Amazon Provides Some Interesting Holiday Statistics on Audiobooks and Ebooks
NOOK turned its second consecutive profitable quarter
Barnes and Noble has released their latest financial results and they have stated that total sales for the second quarter were $791.1 million, declining 7.9% as compared to the prior year. NOOK reduced expenses by $5.1 million on continued cost rationalization efforts. The bookseller is hoping to further decrease Nook expenses by $40 million over the course of 2018. NOOK … [Read more...] about NOOK turned its second consecutive profitable quarter
Barnes and Noble Unveils Book Graph and SmartGift Apps
Barnes and Noble has unveiled their holiday gift giving guide and the most compelling aspects are two different apps called Book Graph and SmartGift. These apps are primarily designed for the desktop computer, but they have a responsive design that are compatible with most smartphones and tablets.Those unsure of what to give loved ones this season can turn to Barnes & … [Read more...] about Barnes and Noble Unveils Book Graph and SmartGift Apps
Indigo Books and Music will open their first US Bookstore in 2018
The largest bookseller in Canada has announced that they will be opening up their first US retail location in the summer of 2018. Indigo Books and Music has selected the Mall at Short Hills in New Jersey as their entry point, which is the old Saks store. Indigo plans on opening an additional four to five stores within the next two years and if all goes well, they will expand … [Read more...] about Indigo Books and Music will open their first US Bookstore in 2018
Barnes and Noble is going to open more bookstores
Barnes and Noble has experienced a 6.6% first quarter sales decline over the same period in fiscal 2017 and the bookseller wants to open up more retail stores in 2018. Barnes & Noble CEO Demos Parneros said “We are reviewing our entire portfolio in identifying opportunities to open new stores in new markets," he said. Parneros added that the chain is considering how "to … [Read more...] about Barnes and Noble is going to open more bookstores
Good e-Reader Bookstore Tour – Yumeya Books Japan
Good e-Reader tours bookstores all over the world and today Peter is in Japan and visited Yumeya Books. In this video you will get a sense on how the bookstore is organized and the most popular sections. One of the big takeaways is that manga titles have plastic that contain them, so people do not sit and read in the bookstore. Whenever you buy a manga title and take the … [Read more...] about Good e-Reader Bookstore Tour – Yumeya Books Japan
Penguin Random House Canada Launches Internal Audiobook Program
Penguin Random House Canada has launched their own internal audiobook unit to produce a number of new titles. Seventeen PRHC titles, including 2016 Scotiabank Giller Prize nominees Gary Barwin’s Yiddish for Pirates and Mona Awad’s Thirteen Ways of Looking at a Fat Girl, are now available on Audible Canada and Kobo Audiobooks.Penguin Random House Canada's first set of … [Read more...] about Penguin Random House Canada Launches Internal Audiobook Program
Chapters Indigo Increases Sales by 6.8% in Q1 2017
Indigo Books and Music has reported that they have generated $206 million dollars for the first quarter of 2017, which is an increase of 6.8% over the same period last year. This is the 15th straight quarter that the bookseller has been profitable.Total comparable sales, which includes both online sales and comparable store sales, increased by 5.0%. Revenue growth was … [Read more...] about Chapters Indigo Increases Sales by 6.8% in Q1 2017
Top Digital Publishing and Business News Stories of the Week
This week a number of notable news stories have been released and this week. Barnes and Noble hired a new executive and Amazon disappointed Wall Street with lower than expected financial results. The New York Times is also maintaining their focus on digital content and posted a increase in subscribers.AmazonAmazon delivered a disappointing second quarter report after … [Read more...] about Top Digital Publishing and Business News Stories of the Week
Activist Investor Recommends Barnes and Noble Go Private
Barnes and Noble is a public company and everything they do is scrutinized by the media. The decline in bookstores and their beligered Nook unit are the subject of thousands of news articles and investors. Negative sentiment surrounds the bookseller and investors are urging the them to go private.Sandell Asset Management, a private, alternative asset management firm, said … [Read more...] about Activist Investor Recommends Barnes and Noble Go Private
Rakuten Kobo CEO Discusses Tolino, Shelfie and Kobo Plus
Kobo Books is the third largest e-book and e-reader company in the world and their primary focus is underserved markets. Instead of competing in the ultra-competitive US market they instead developed infrastructure to sell their line of products in bookstores all over Australia, Canada, Europe and the United Kingdom.The company started out as Shortcovers in 2009, which was … [Read more...] about Rakuten Kobo CEO Discusses Tolino, Shelfie and Kobo Plus