One year ago, Microsoft and Barnes & Noble surprised the tech world by announcing a “strategic partnership.” Microsoft made a $300 million investment in the bookseller’s Nook e-reader and e-book subsidiary, for a 17.6 percent stake. The deal was completed in October, making Microsoft a key ally for Barnes & Noble in its struggle vs. Amazon’s Kindle…. Read More…
Barnes & Noble is reporting operating losses of $190 million for its Nook business in its most recent quarter, more than twice the loss posted a year ago — the latest sign that the bookseller is struggling to keep up with Amazon.com in the market for digital books and devices. Sales declined 26 percent in the… Read More…
Nearly a year after Microsoft agreed to invest $300 million in Barnes & Noble’s Nook business unit, the bookseller is seriously considering what to do with the electronic book reader. A report out from The New York Times, citing a person familiar with Barnes & Noble’s strategy, indicates that the company is possibly moving away from… Read More…
Let’s just call it the Amazon.com impact. An executive for Barnes & Noble tells The Wall Street Journal that it will close down as many as 20 stores per year over the next 10 years — part of a plan by the retailer to focus on its most profitable stores. Barnes & Noble also has… Read More…
Sales in Barnes & Noble’s Nook device and e-book business were $311 million for the nine weeks of the 2012 holiday shopping season, down 12.6 percent from the same period a year earlier. That’s the word this morning from the bookseller. Combined with a 10.9 percent decrease in Barnes & Noble’s physical and web retail division,… Read More…
Barnes & Noble’s Nook Media e-reading and tablet subsidiary this morning announced a new investor, the Pearson education and publishing company, and separately warned that holiday sales are coming in below its projections. Pearson, which includes the Financial Times Group and Penguin publishing company, will invest $89.5 million in cash for a 5 percent stake in Nook… Read More…
Microsoft and Barnes & Noble finalized their partnership today and gave it a name, Nook Media LLC. The partnership, originally announced in April, is structured for now as a new Barnes & Noble subsidiary, consisting of the bookseller’s digital and college businesses. Microsoft holds a 17.6 percent equity stake in the subsidiary, through a $300 million… Read More…
Barnes & Noble reduced the price of its Nook Simple Touch with GlowLight e-reader to $119 this morning, matching the entry-level price of the competing Kindle Paperwhite on the eve of the ship date for the new Amazon e-reader. In the news release announcing the move, Barnes & Noble calls out Amazon on multiple points,… Read More…
A newly surfaced job posting gives new details about Barnes & Noble’s plans for its fledgling partnership with Microsoft, citing a “product strategy of Nook integration with Microsoft ecosystem including Windows, Office, Bing.” Nate Hoffelder has the scoop over on his Digital Reader blog. Barnes & Noble’s posting doesn’t explain what “integration” means in this… Read More…
Barnes & Noble will launch its own digital video store for its Nook devices, attempting to compete more effectively against Amazon’s Kindle lineup. The new Nook Video service will launch this fall with content licensed from studios and content providers including HBO, Sony, Starz, Viacom and Warner Bros., the book retailer announced this morning. Interesting… Read More…
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