Chapters Indigo has just reported that in 2015 sales grew by 12.5% and online digital channel sales increased more than 15%. The key highlights of their full-year results was the continued strong revenue growth delivering $99 million more than last year despite operating three fewer superstores and four fewer small format stores. On a comparable 52-week basis, total revenue … [Read more...] about Chapters Indigo Reports Bookstore Sales Increased 12.5% in 2015
Business News and Statistics
Amazon no longer price matches within 7 days
Without any fanfare Amazon quietly edited price protection policy on all products except televisions. This includes Kindles, Tablets and Fire TV streaming media boxes. This was done because there are a handful of small startups on Amazons radar that processes automatic refunds when the price dropped.Amazons previous policy allowed consumers to get a refund if they purchased … [Read more...] about Amazon no longer price matches within 7 days
E Ink Reports a $8.34 million loss in Q1 2016
E Ink, the company responsible for the e-paper displays found on the Amazon Kindle, Nook and Kobo's of the world has just reported a $8.34 million loss in the first quarter of 2016.E-paper displays for e-readers accounts for 70 percent of E Ink’s total revenue, with about 30 percent from e-papers for e-tags used in luggage and retailers’ shelves and LCD panels, the company … [Read more...] about E Ink Reports a $8.34 million loss in Q1 2016
B&N commits to selling Samsung Tablets for three more years
Barnes and Noble has been selling Samsung branded tablets with Nook software since 2014. Originally the bookseller committed to selling over one million tablets in the first year, but due to lackluster demand they never came close. According to recent SEC filing it looks like Barnes and Noble has just committed to a new three year deal with Samsung.The new agreement calls … [Read more...] about B&N commits to selling Samsung Tablets for three more years
Jeff Bezos says If you are not a Prime Member you are irresponsible
Amazon CEO Jeff Bezos told shareholders today that he wants to add more benefits to the Prime membership program and said “Our goal with Amazon Prime, make no mistake, is to make sure that if you are not a Prime member, you are being irresponsible.”Amazon Prime offers plenty of benefits such as free two day shipping, access to the Kindle Lending library and being able to … [Read more...] about Jeff Bezos says If you are not a Prime Member you are irresponsible
Oracle Gave Amazon a 97.5% Discount to use Java
Oracle has accused Google of stealing their copyrighted software to enter the smartphone market. Oracle acquired Sun in 2010 and sued Google after negotiations over its use of Java broke down. This has resulted in a $9 billion dollar lawsuit and it is now in the hands of a jury in a San Francisco federal court.Oracle's co-chief executive Safra Catz was in court yesterday … [Read more...] about Oracle Gave Amazon a 97.5% Discount to use Java
Amazon is going to sell their own tea, coffee, baby food and vitamins
Amazon is in the process of developing their own private-label brands and they will be known as Happy Belly, Wickedly Prime and Mama Bear. Amazon will be directly selling nuts, spices, tea, coffee, baby food and vitamins, as well as household items such as diapers and laundry detergents, according to the Wall Street Journal.Amazon has always been known for selling their own … [Read more...] about Amazon is going to sell their own tea, coffee, baby food and vitamins
Amazon Just Opened a College Store that Sells Nothing
On Friday Amazon just opened up a new college bookstore at the University of Pennsylvania. This 3,500 square-foot space does not have any shelves or sell anything. Instead, it operates as a pickup location for packages that students order and the staff are pushing Amazon Prime Student membership packages.Penn benefits from this new Amazon location because its mail … [Read more...] about Amazon Just Opened a College Store that Sells Nothing
Hachette e-book sales are down 2%
Hachette has just announced their latest quarterly results from January to March 2016. The publisher has acknowledged that e-book sales accounted for 10.4% of total revenue in the quarter, down from 12.2% a year ago.In the first three months of the year total trade sales generated $469 million and e-books generated $47 million. Hachette is the 5th major publisher to report … [Read more...] about Hachette e-book sales are down 2%
Indie Bookstores are flourishing in the United States
Indie bookstores are on the rise in the United States according to the American Booksellers Association. There are now 2,311 indie bookstores currently operating, which is a slight increase over the 2,227 that were in business this time last year.With membership once well exceeding 3,000, independent sellers had been shutting down for decades, largely because of … [Read more...] about Indie Bookstores are flourishing in the United States
Book Expo America Attendance is down 20%
Book Expo America is the largest publishing event in North America and for the first time in almost a decade is taking place in Chicago, instead of the Javits Center in New York. Big publishing houses have sent less people, have smaller booths and are putting on less parties. This has resulted in attendance being down 20% this year.Many booksellers who don’t often make the … [Read more...] about Book Expo America Attendance is down 20%
Barnes and Noble Promises to Divulge Long-Term Business Strategy
Barnes and Noble will be providing a new business strategy and long-term outlook on June 23rd. The nations largest bookseller wants to appease shareholders and inform the general public on what their goals are for the next few years.In the past few months Barnes and Noble has been changing their Nook business model. They closed down their Nook Video, Nook App Store and … [Read more...] about Barnes and Noble Promises to Divulge Long-Term Business Strategy
Amazon Video Direct wants to compete against YouTube
Amazon has just developed a new video upload system called Amazon Video Direct. The new service launched today and seeks to compete against YouTube for user generated videos. Uploaded videos will be available to rent or own, to view free with ads, or be packaged together and offered as an add-on subscription. Amazon will pay content creators 50% of the revenue earned from … [Read more...] about Amazon Video Direct wants to compete against YouTube