Barnes and Noble was named the #1 Most Reputable Retailer in America by Reputation Institute (RI), a global technology-driven provider of reputation measurement and management services, in their annual US Retail RepTrak study. This is the second year in a row that Barnes & Noble has earned the number one spot. “Barnes & Noble is proud to be named the #1 most … [Read more...] about Barnes & Noble Named #1 Most Reputable Retailer in America
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Barnes and Noble has been officially sold
Barnes and Noble has been in trouble for a very long time. The company has had 5 different CEO's in the past 7 years and various turnaround strategies have all failed. The bookseller formed a committee to explore selling the company and it has paid off. Today, Barnes and Noble has officially announced they have been fully acquired by Elliott, the same Hedge Fund that owns the … [Read more...] about Barnes and Noble has been officially sold
A New Indie-Like Day Is Dawning for Barnes and Noble
If you're lucky enough to live in a town with a thriving indie bookstore, be sure to count your blessings. If the only bookstore within driving distance is a Barnes and Noble, you might not be so fortunate. The way B&N has operated for the past few years, you might not even consider it a bookstore, at least not when you look around at the pillows, t-shirts, candles, and … [Read more...] about A New Indie-Like Day Is Dawning for Barnes and Noble
Barnes and Noble receives second offer to buy the company
Barnes and Noble now has multiple suitors to sell the company. Last week Elliot, the Hedge Fund from New York submitted an offer that will pay $475.8 million in cash. This would take the bookseller private, which should provide breathing room and they should develop a long term vision, instead of short term results to placate shareholders. A bidding war might be imminent as yet … [Read more...] about Barnes and Noble receives second offer to buy the company
Barnes and Noble might be sold to a New York Hedge Fund
There are many reports from the Wall Street Journal and Forbes that Barnes and Noble is going to be sold to Elliott Management Corp, a New York Hedge Fund. The Financial Times said that Elliott would offer $6.50 a share in a deal that values the chain at $476 million. Elliott is run by the billionaire Paul Singer, who has experience in the book business. It acquired … [Read more...] about Barnes and Noble might be sold to a New York Hedge Fund
Barnes and Noble isn’t doing enough to protect their shoppers
Barnes and Noble operates over 600 bookstores in the United States and the bookseller isn't doing enough to protect their shoppers. Every single week there are stories about women being groped or touched in a sexual manner. Suspects are often caught on camera, but rarely is an arrest being made. Barnes and Noble simply doesn't care about the safety of their shoppers. A few … [Read more...] about Barnes and Noble isn’t doing enough to protect their shoppers
Barnes and Noble launches new YA book club
Barnes and Noble has been running their own book clubs in 600 of their stores since early last year. Their primary focus has been getting adults to come and buy some snacks and gab over the latest book. The bookseller is now trying their hand at getting teens to come too. The YA Book Club will run on every second Thursday of each month in Barnes and Noble bookstores nationwide … [Read more...] about Barnes and Noble launches new YA book club
Will Barnes and Noble get serious about the Nook?
The Barnes and Noble Nook and digital ebook store has lost its shine in recent years. This is partly due to Amazon being the online retailer of choice and the Kindle having a dominant market share. Kobo e-readers, audiobooks and ebooks are available in thousands of Walmart stores. It looks like B&N is not giving up on the Nook just yet, and there are two new executives … [Read more...] about Will Barnes and Noble get serious about the Nook?
Barnes and Noble had a profitable holiday quarter
Barnes and Noble has announced that in the last three months of 2018 they generated $1.2 billion and net income was $66.9 million. Comparable store sales increased 1.1%, which was their best performance in several years. Book sales decreased 1.2% for the quarter. Trade paper, kids and young adult book sales fell short. Allen Lindstrom the CFO of B&N said that "Online sales … [Read more...] about Barnes and Noble had a profitable holiday quarter
Barnes and Noble should release a new Nook in 2019
Barnes and Noble is in a sordid state of affairs, in the most recent quarter, the company has $11.2 million in cash and $63.7 million in accounts receivable. While it doesn’t have any short-term debt, it does have over $621 million in accounts payable. This means it owes landlords, publishers and suppliers a copious amount of money and their long-term debt sits at $278 million. … [Read more...] about Barnes and Noble should release a new Nook in 2019