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...] about Indigo Books and Music is not selling Kobo e-readers in the US
Business News
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...] about Barnes and Noble getting serious about selling the company
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...] about Thalia has just purchased a 50% stake in Skoobe
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...] about Barnes and Noble is going to sell the company
Barnes and Noble Chief of Digital Fred Argir Retires
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...] about Barnes and Noble Chief of Digital Fred Argir Retires
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...] about Demos Parneros sues Barnes and Noble for wrongful dismissal
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...] about Ikea has created reading rooms and are giving away free books
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...] about Book publishers generated $26 billion in 2017
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...] about Comic and Graphic Novel sales tumbled 6.5% in 2017
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...] about What is next for Barnes and Noble?
Barnes and Noble just fired their CEO
Barnes and Noble has had a tumultuous time in retaining a CEO for more than a few years. The nation's largest bookseller has just announced that they have fired Demos Parneros for violating company policies. They did not disclose exactly which policies were violated. His termination was not due to any disagreement in … [Read more...] about Barnes and Noble just fired their CEO
Quartz has been sold to Japanese company Uzabase
Atlantic Media has sold the popular website Quartz to Japanese financial publisher Uzabase in a deal valuing Quartz at between $75 million to $110 million. Launched in Japan in 2013 the Uzabase service NewsPicks has 3.3 million registered users and 64,000 paying subscribers. Quartz says its average audience is about 20 … [Read more...] about Quartz has been sold to Japanese company Uzabase