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Barnes & Noble

Barnes & Noble’s Nook See 32% Staggering Decline in Business

nookIt seems like Barnes & Noble’s Nook is performing as poorly as expected. The book retailer announced its second quarter financial results which showed major declines from last year’s sales – $109 million compared to last year’s $160 million in the quarter ending in October.

The NOOK segment, which consists of the company’s digital business (including digital content, devices and accessories), reported revenues of $109 million for the quarter, decreasing 32.2% from a year ago.  Digital content sales were $57 million for the quarter, a decline of 21.2% compared to a year ago, due to lower average selling prices and lower device unit sales.  Device and accessories sales were $51 million for the quarter, a decrease of 41.3% from a year ago, due to lower unit selling volume and lower average selling prices.

The struggling bookseller also saw declines in overall revenues – Barnes & Noble lost 8% of revenue, including sales in its brick and mortar stores. To see the retailer’s full financial report, go here. 

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Barnes & Noble Has a New Nook GlowLight $119 eReader

NookBarnes’ & Noble’s Nook Media has introduced a new eReader called the Nook GlowLight. Despite concerns about the business and the departure of the company’s CEO, the company seems to be holding on for another holiday season.

The $119 Nook GlowLight is a 6.5 inch eInk Pearl Display eReader with a backlit screen. The screen has a 758 x 1024 pixel screen and weighs in at 6.2 ounces. The screen has 60 percent more pixels than previous models. The device is Wi-Fi enabled and has 4GB of memory, or as B&N boasts, can hold up to 2,000 books. Like other Nook devices, the new Nook GlowLight supports ePub and PDF files.

The device will go head to head with Amazon’s Kindle Paperwhite device, which has similar sizing and features. Amazon’s device costs $119 with ads and $139 without ads. Barnes & Noble is playing up the fact that its device has no ads but comes with a $119 price tag.

College Newspapers Now Available on Nook

College students who are back to school can now read their campus’ newspapers on their Nook. Barnes & Noble’s Nook Media arm announced today that it will distribute digital newspapers from leading colleges and universities from across the U.S. through the Nook Newsstand.

The partnership includes publications from Harvard, Columbia, Louisiana State University, Northwestern University, University of Michigan and University of Texas at Austin. Nook users can buy monthly subscriptions to these newspapers from the digital newsstand and then read them on their device or through the Nook app.

The distribution comes through a deal with UWIRE. “Through NOOK’s exclusive partnership with UWIRE, we are providing a new and convenient way to stay connected with your favorite college or university,” stated Jonathan Shar, Vice President & General Manager, Emerging Content, NOOK Media LLC. “NOOK is now the only place that provides easy access to over 500 digital editions of college and university newspapers, delivering them to students, alumni, faculty, and sports fans, across all NOOK devices and NOOK reading apps.”

Barnes & Noble Releases Nook Video Apps

Barnes & Noble subsidiary Nook Media has introduced a new line of Nook video apps for iOS, Android and Roku devices. The app allows users to purchase and stream video through their devices from the Nook content library. They can stream across devices, much like the other video apps already in the marketplace.

“With the new NOOK Video Apps, customers can now easily access the thousands of movies and TV shows available from major studios and content partners on their TV and mobile devices,” stated Jonathan Shar, Vice President & General Manager, Emerging Digital Content, at NOOK Media LLC.

The move appears to be a last ditch effort to revive the Nook business which has struggled with eBook and device sales over the past year. The challenges at Nook are likely what led William Lynch, the company’s former CEO, to resign from the company this past June. The push to revive the Nook tablet as a video streaming device may be too little too late. Nook video apps face stiff competition. Netflix, Amazon, Apple, and Hulu all have apps that offer video streaming with content partners from similar movie studios.

Barnes & Noble Bringing Web Browser and Email to Nook eReaders Update Next Month

Barnes & Noble is rumored to be updating its Nook tablet with email and web browsing capabilities as early as next month. The news came from an anonymously leaked email.

In addition to email and web browsing capabilities, the new update for Nook Simple Touch will also include a fresh new app store. Currently, only the Kindle fire tablet has email capabilities, so this could potentially boost flagging sales of the hardware. In addition to the software update, the company has already resorted to giving away its tablets in various promotions. given the tablet’s low price and new, minimal capabilities, Nook might be a great investment for those whose main interest is reading eBooks.

Barnes & Noble Brings Comics to Nook iOS App

Barnes & Noble’s Nook Media has updated its Nook for iOS app, bringing comic books to iPad and iPhone users. The update adds access to buy more than 8,000 comics and graphic novels from Nook. The app now features Nook’s Zoom View tool which lets readers automatically focus on individual panels in graphic novels and comics.

To promote Nook Comics on the Nook iOS app, Nook Media is giving away a free DC Comics 2013 Superman Sampler, which includes excerpts from Superman: Last Son of KryptonSuperman: ForTomorrowSuperman: Earth One, and Justice League Volume 1: Origin.

“With our free, updated Nook for iOS application, we’re delivering to customers with iPad, iPhone and iPod Touch a great optimized reading experience, now with access to NOOK Comics, one of the leading collections of digital comics and graphic novels available,” stated Jamie Iannone, president of digital products at NOOK Media.

Nook has been in the news recently as speculation of a Microsoft buyout has been reported and then called a rumor.

Microsoft Employee Says Nook Buyout Deal Is Rumor, “Hoopla”

Last week, rumors were circulating that Microsoft was gearing up to buy out Barnes& Noble’s Nook business in what could have been a $1 billion deal.

Insider Monkey is reporting that this story is false and that the story was “nothing more than a rumor.” Check it out:

Insider Monkey received word from a highly placed source inside Microsoft Corporation (NASDAQ:MSFT) who said that the story was only a rumor, and that nothing imminent is happening in regards to Microsoft and its investment in the NOOK Media entity, or reports that it is buying out Barnes & Noble, Inc. (NYSE:BKS) from the operation.

“I literally just walked out of the meeting today discussing all this Microsoft/NOOK hoopla going on,” the anonymous Microsoft source emailed Insider Monkey.

Microsoft Considers $1 Billion Bid For Nook: Report

Microsoft is considering offering Barnes & Noble $1 billion to buyout the Nook Media business, an asset that the Washington-based technology company already has a 16.8% stake in, according to a report in TechCrunch. Microsoft would redeem some of its shares in Nook Media, and take over the Nook eBook and tablet business. Here is more from TechCrunch:

The documents also reveal that Nook Media plans to discontinue its Android-based tablet business by the end of its 2014 fiscal year as it transitions to a model where Nook content is distributed through apps on “third-party partner” devices. Speculation about the plan to discontinue the Nook surfaced in February. The documents we have are not clear on whether the third-party tablets would be Microsoft’s own Windows 8 devices, tablets made by others (including competing platforms) or both. Third-party tablets, according to the document, are due to get introduced in 2014. Read more

Barnes & Noble Introduces 2 For 1 Deal on eBooks

Barnes & Noble has introduced a new two-for-one eBook promotion called the  Nook Book Two-for-One Weekends in which customers can get free copies of select eBooks when they buy an eBook.

Beginning this weekend, customers visiting any Barnes & Noble store that purchase a qualifying Nook Book from a list of 20 titles can select another title from that list for free. Every weekend the retailer will update the list. This weekend’s list include: The Life of Pi by Yann Martel, Bossypants by Tina Fey, The Silver Linings Playbook by Matthew Quick andFrancona: The Red Sox Years by Terry Francona.

Here are more details from the press release: “To take advantage of this special weekend offer, customers can go to any register at a Barnes & Noble store, purchase one of the 20 qualifying bestselling NOOK Book titles and then select another title from that list for free. The customer’s store receipt will feature two access codes that they can redeem for their purchased and free eBooks at BN.com/redeem. Customers may choose to receive their access codes via email as well.”

How To Self-Publish with Barnes & Noble’s NOOK Press: Video Tutorial

Barnes & Noble has launched a new self-publishing program called NOOK Press. Independent authors who used the bookseller’s PubIt! platform need to switch to the new platform.

If you want to see what sign-up entails, watch the video embedded above–you can follow the same sign up process at the NOOK Press sign up page. In the video embedded below, you can watch the new set of editorial tools in action. Here’s more from the release:

The “Quick Start” option lets writers try out the tools before they commit to becoming a vendor, all they need to sign up is an e-mail address … Easy ePub Creation and Editing: With new content creation tools, authors can easily upload a manuscript just once, then continue to write and edit directly within NOOK Press, quickly and easily turning their work into a professional-quality ePub file. Integrated Collaboration: NOOK Press allows authors to safely and quickly invite their network of friends and editors to read and comment on any NOOK Press project in a secure environment.

Read more

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