Barnes and Noble is putting the company up for sale and this spring they had a serious suiter to buy the entire company. WH Smith is one of the largest bookstore chains in the United Kingdom and they spent over 2 million dollars in a bid to snatch it up. The deal fell through and this has resulted in the firing of the … [Read more...]
Barnes and Noble is an utter and complete mess
Barnes and Noble is a company that needs to sell more books and generate meaningful revenue from their Nook division. Instead, they are mired in controversy with recently fired CEO Demos Parneros.Barnes and Noble CEO Demos Parneros was fired in July for breaking company policies and he did not receive any severance … [Read more...]
Indigo Books and Music is not selling Kobo e-readers in the US
Indigo Books and Music is the largest bookstore chain in Canada and last month they opened up their first US location in the Mall at Short Hills in New Jersey. The company has officially confirmed to Good e-Reader that they are not selling Kobo e-readers or Kobo products in their US store. They also said they had no … [Read more...]
Barnes and Noble getting serious about selling the company
Barnes and Noble formed a committee last month to explore selling the bookstore chain to multiple interested parties. Leonard Riggio the largest shareholder and founder of the company has committed to support and vote his shares in favor of any transaction recommended by the Special Committee. Today it looks like … [Read more...]
Thalia has just purchased a 50% stake in Skoobe
Skoobe was founded in 2010 by the publishing group Georg von Holtzbrinck , the publishing group Random House and the Bertelsmann service provider Arvato. They launched their unlimited subscription service in 2012 in Germany and by 2016 they had a catalog of 175,000 books by 1,600 German publishers, as well as … [Read more...]
Barnes and Noble is going to sell the company
Barnes and Noble has received multiple bidders to purchase the entire bookstore chain and the Nook. The bookseller said on Wednesday that they would form a launch a formal review process to evaluate its strategic options. A special committee of the board will lead the review. Leonard Riggio the largest shareholder … [Read more...]
Barnes and Noble Chief of Digital Fred Argir Retries
Barnes and Noble Chief of Digital Fred Argir has retired. He was initially hired by Jaime Carey who was the president of the development and restaurant group, and left in 2016. Fred was basically hired to cut costs in the Nook division. Under his watch the Nook App Store and Nook Videos was shuttered and software … [Read more...]
Demos Parneros sues Barnes and Noble for wrongful dismissal
Barnes and Noble CEO Demos Parneros was fired last month for breaking company policies and he did not receive any severance pay. The bookseller did not disclose on why he was fired, but the answer came spilling out in a public exchange of accusations between Mr. Parneros and the company — including that Mr. Parneros … [Read more...]
Ikea has created reading rooms and are giving away free books
The Ikea location at Wembley in London has created a reading room and the bookshelves are stacked with multiple copies of the Man Booker Longlist. Customers can read on a chair or a couch for hours at a time and then take a book home with them, for free.Ikea announced in a statement “With hour-long slots available … [Read more...]
Book publishers generated $26 billion in 2017
The Association of American Publishers has proclaimed that the U.S. book publishing industry generated an estimated $26.23 billion in net revenue for 2017, representing 2.72 billion units. All figures represent publishers’ net revenue from tracked categories (trade, higher education course materials, preK-12 … [Read more...]
Comic and Graphic Novel sales tumbled 6.5% in 2017
Comic book and graphic novels had a dismal year in Canada and the United States. Sales decreased by 6.5% in 2017 and most of the declines were attributed to fewer people buying comics from the store or newsstand. Total comics and graphic novel sales to consumers in the U.S. and Canada generated $1.015 billion, a $70 … [Read more...]
What is next for Barnes and Noble?
Barnes and Noble recently fired CEO Demos Parneros for violating its policies. The bookseller refused to go into detail about what the violations were. It does note that the termination wasn’t due to differences of opinion or any potential fraud. He did not receive any severance pay and many industry insiders are … [Read more...]