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Barnes & Noble

B&N’s Nook Partners With ESI Media on UK Literacy Push

esimediaBarnes & Noble’s Nook Media has forged a partnership with ESI Media, the commercial department of The London Evening Standard and The Independent, for an initiative that promotes reading in London schools with low literacy rates.

The Get London Reading program, now in its second year will encourage reading in a number of ways.There will be a public read-a-thon (last year’s attracted 20,000 people) and award winning theater actress Cush Jumbo will visit a London primary school to read to kids.

Nook’s part in all of this includes sponsorship of the Best Play accolade at the Evening Standard Theatre Awards and on-going support for the London Evening Standard Get London Reading campaign. They will also provide eReaders for public readings and will be giving away eBooks.

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Barnes & Noble Revenues Down 7% in Q1 2015

barnesandnobleBarnes & Noble’s consolidated revenues for the first quarter of fiscal 2015 were $1.2 billion, a 7 percent drop compared to the same quarter last year. First quarter consolidated earnings before interest, taxes, depreciation and amortization increased to $30 million, up from a loss of $9 million last year.

The Retail segment, which includes sales from bookstores and BN.com, recorded revenues of $955 million during the quarter, representing a 5.3 percent drop from last year. NOOK only lost $5 million during the quarter, as opposed to the $50 million the company lost during the same quarter last year. This is attributed to Nook expenses, which declined $27 million during Q1 2015 as compared to Q1 2014, while Nook’s gross profit increased $13 million.

“Retail Core comparable sales continued to benefit from improving physical book industry trends, merchandising initiatives and store promotions, such as our Get Pop-Cultured campaign, which was able to create excitement and incremental traffic and sales into our stores,” stated Michael P. Huseby, Chief Executive Officer of Barnes & Noble. ”College continued to acquire new school contracts and increased both functionality and title count for Yuzu, our digital education platform. NOOK continued to reduce losses and launched its first co-branded tablet in partnership with Samsung, our first new tablet in almost two years.”

Barnes & Noble is Seeking Kids’ Nominations for My Favorite Teacher Contest

myfavoriteMiddle school and high school students can nominate their teacher the My Favorite Teacher Contest at Barnes & Noble.

Kids are encouraged to compose essays, poems or thank-you letters describing their appreciation and admiration for a teacher. Follow this link for the entry form and official rules.

Participating schools must collect the essays and turn them in at their local Barnes & Noble store by March 1, 2015. Students who would like to nominate a teacher from a school that is not participating can turn in their entires directly to the store or mail in entries.

The contest includes for a variety of prizes for local and regional winners. Check it out: Read more

Barnes & Noble Teams With Samsung on New Galaxy Tab Nook

LP_Galaxy_SpecOffer_DMBarnes & Noble has still not given up hope on digital reading devices. More than a year after a failed collaboration between Microsoft and Nook, the company’s Nook Media division has partnered with Samsung to create a new co-branded Samsung Galaxy Tab 4 Nook.

The new 7-inch Android tablet brings Samsung’s technology together with Nook’s content and is “optimized for reading.” Readers can purchase and read eBooks from the Nook store on the device and access Nook videos, apps and the Nook newsstand. The Wi-Fi-enabled device weighs 9.74 ounces and is .35 inches thick. It also features a 1.3-megapixel front and 3-megapixel rear-facing cameras to take pictures and to host video chats.

The device is now available in Barnes & Noble stores and online for $179. The purchase also includes $200 worth of content including the eBooks: FreakonomicsThe Wanderer and I Am Number Four, as well as the TV shows: HBO’s Veep, NBC Universal’sHannibal and BBC America’s Orphan Black.

 

 

 

Barnes & Noble Teams With Google on Same Day Delivery

barnesandnobleAmazon isn’t the only book retailer that is offering same day book delivery.

Barnes & Noble has partnered with Google to support same day delivery in limited markets using Google’s Shopping Express online delivery service. Readers can go to Google’s Shopping Express website, select Barnes & Noble (they also deliver items from Target, Staples and Toys R Us, among others), and then shop the site. Once a shopper selects a book to purchase, they must use Google Wallet to pay for it. Then they can schedule a same day deliver for free.

The new service in currently available in New York, Los Angeles and San Francisco.  (Via The New York Times).

Barnes & Noble NY Promises to be Nicer to Breastfeeding Mothers

barnesandnobleBarnes & Noble has promised to be more friendly to breastfeeding mothers in New York, as part of a settlement with New York Attorney General Eric T. Schneiderman.

As part of the deal, the book retailer will train all of its New York state employees about the company’s breastfeeding policy, in a move to ensure that women will be free to breastfeed in any of their stores without harassment. In addition, Barnes & Noble will display the international symbol for breastfeeding at the entrances to its New York stores and will pay $10,000 to Rockland County to support its Breastfeeding Promotion and Support Program.

The promise comes after the Attorney General’s office investigated an incident at one of the retailer’s locations in Nanuet, NY. Essentially a nursing mother was asked to cover up or leave the store while trying to breastfeed on March 16th. Under New York State law, mothers may breastfeed in any public location without having to cover themselves. Read more

Barnes & Noble Revenues Down 6.7% in Fiscal 2014

barnesandnobleBarnes & Noble reported $6.4 billion in consolidated revenues for fiscal 2014, a 6.7 percent decrease over 2013. The book retailer also revealed that fourth quarter consolidated revenues reached $1.3 billion, a 3.5 percent increase over the prior year.

“We’re pleased with our improved financial performance in fiscal 2014, generating EBITDA of $251 million, the highest it’s been in four years, while executing on our strategic initiatives during the year,” explained Michael P. Huseby, CEO of Barnes & Noble, in a statement.  “Retail improved sales trends during the second half of the year, generating annual EBITDA of $354 million. College increased revenues from higher margin textbook rentals, continued to add new school contracts and developed and soft-launched Yuzu, our digital education platform, growing EBITDA to $115 million.”

The Nook business, which includes digital content, devices and accessories, had $87 million in revenues for the quarter and $506 million for the full year, down 22.3 percent for the quarter and down 35.2 percent for the year. The company revealed plans to sell off its Nook device inventory through a partnership with Samsung. The retailer will focus instead on Nook content.

Barnes & Noble Teams With Samsung on Co-Branded Tablets

samsungnookBarnes & Noble’s Nook Media has teamed up with Samsung Electronics America to develop a line of co-branded Samsung Galaxy Tab 4 Nook tablets.

The collection of tablets will marry Samsung Galaxy Tab’s hardware with Nook’s software. The 7-inch version of the tablet is slated to ship in August. Barnes & Noble will sell the tablets in their stores, and the devices will also be available online.

“We are very excited and proud to partner with Samsung, a world-class technology and tablet leader, to create customized co-branded devices featuring our valuable Nook reading experience and digital content catalog for Barnes & Noble customers nationwide,” stated Michael P. Huseby, Chief Executive Officer of Barnes & Noble, Inc.

Leonard Riggio Has Sold 3.7 Million Barnes & Noble Shares

barnesandnobleBarnes & Noble Chairman Leonard Riggio has sold 3.7 million shares of common stock, a portion of his holdings of Barnes & Noble stock. After the sell off, Riggio’s holdings are expected to represent approximately 20 percent of Barnes & Noble’s Common Stock outstanding.

“After this sale I remain the Company’s largest shareholder, a position I feel very good about,” explained Leonard Riggio, Chairman of Barnes & Noble, in a statement.  ”I love this company and I believe in its future as I do in all of the wonderful people who work here.” Riggio revealed that his sale is part of his long-term financial and estate planning. He has no plans to sell more stock this calendar year.

Earlier this month, the Liberty Media Corporation sold of its majority stake in Barnes & Noble “to qualified institutional buyers in reliance on Rule 144A under the Securities Act.” The company kept about 10 percent of its investment in the company.

Liberty Media Unloads Majority of its Barnes & Noble Stock

barnesandnobleLiberty Media Corporation is selling off its majority stake in Barnes & Noble “to qualified institutional buyers in reliance on Rule 144A under the Securities Act,” the company reported today.

Liberty will hold on to about 10 percent of its investment. The sale is expected to settle on Tuesday, April 8. In its new position, Liberty will lose its two preferred stock directors on Barnes & Noble’s Board — Greg Maffei and Mark Carleton will no longer serve on the board as of April 8th.

“By reducing our preferred position and eliminating some of our related rights, Barnes & Noble will gain greater flexibility to accomplish their strategic objectives,” stated Greg Maffei, President and Chief Executive Officer, Liberty Media. “We look forward to maintaining our relationship with the Company and are pleased that Mark Carleton will continue serving on the board. Mike Huseby and his team are doing a great job in the retail, college and NOOKspaces.”

 

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