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Barnes & Noble

NOOK Tests Free eBook Promotion in Australia

nookwindows8Barnes & Noble’s NOOK Media is running a limited-time free eBook and magazine promotion through the NOOK app for Windows 8.1 in Australia.

Customers that install the app as a new user and then sign in with a Microsoft account will get access to five free books and five free magazines. The free eBooks include: Catch the Zolt: The Debt Instalment One by Phillip Gwynne, Be Careful What You Wish For by Gemma Crisp, The Slap by Christos Tsiolkas, Back to the Pilliga by Tony Parsons and The Fence-Painting Fortnight of Destiny: A Memoir by Meshel Laurie. The free magazines include: Australian Geographic, GQ, Good Health, Vogue and Taste.com.au Magazine.

This is the first free offer that the book retailer is trying in Australia. “We recently rolled out compelling free offers to customers in the UK and Spain and now we’re excited to offer free bestselling eBooks and top magazines to customers in Australia,” stated Doug Carlson, Executive Vice President of Digital Content and Marketing at NOOK Media.

Barnes & Noble’s Retail Revenue Down 6.6% During The Holidays

barnesandnobleBarnes & Noble’s retail business, which includes sales from Barnes & Noble bookstores and BN.com, earned $1.1 billion in revenues during the nine-week holiday period ending December 28, 2013.

The earnings represent a 6.6% decrease over the prior year, which the company attributed to a 5.5% decline in comparable sales and store closures.

Here is more from the press release: “The NOOK segment (including digital content, devices and accessories), had revenues of $125 million for the nine-week holiday period, decreasing 60.5% as compared to a year ago.  Device and accessories sales were $88.7 million for the holiday period, a decrease of 66.7% from a year ago, due to lower unit selling volume and lower average selling prices.  Digital content sales were $36.5 million for the holiday period, a decline of 27.3% compared to a year ago due to lower device unit sales and lower average selling prices.”

Barnes & Noble Shutters 5th Ave Store in NYC

barnesandnobleBarnes & Noble has closed its store on 5th Ave in New York City. Signs in the window of the store directed shoppers to its larger Union Square location, which is located around the corner from the 5th Ave. location.

Gothamist has the scoop: “Company spokesperson Mary Ellen Keating tells us the store closed at the end of the day yesterday, and that at the time the location was one of the company’s college bookstores and not a general retailer. ‘The store sold primarily textbooks, and had a large selection of trade,’ she said in a statement. ‘Trade business has largely been transferred to our nearby Union Square store, now by far our largest volume store in the country.’”

The news does not come as a surprise. The company has been suffering losses over the past couple of years. In November, Barnes & Noble’s reported that its consolidated revenues for the second quarter were down 8 percent. The company just appointed Michael P. Huseby as its new CEO.

Barnes & Noble Has Appointed Michael P. Huseby as CEO

bnceoBarnes & Noble has appointed Michael P. Huseby as its new CEO effective immediately. The book retailer has not had a CEO since William Lynch has resigned in July.

Huseby has been serving as CEO of NOOK Media ever since Lynch left. In his new role, Huseby will be in charge of all of the  company’s business units including Barnes & Noble Retail, Barnes & Noble College and NOOK Media. Huseby will report to the Board of Directors and will also serve on the Board. He joined the company as CFO in March 2012. He came to the bookseller from Cablevision Systems Corporation where he had served as EVP & CFO.

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Barnes & Noble Retail Revenues Down 8%

nookBarnes & Noble’s consolidated revenues for the second quarter of fiscal 2014 was  $1.7 billion, an 8 percent drop compared to the same quarter last year.  Second quarter consolidated earnings before interest, taxes, depreciation and amortization increased 13.7% to $76 million, as compared to a year ago.

Barnes & Noble retail segment, which includes sales from bookstores and BN.com businesses, reported $921 million in revenues for the quarter, a down 7.5 percent from last year.  The company’s college segment had revenues of $738 million, a 4.6 percent drop compared to last year. The company’s Nook business reported revenues of $109 million for the quarter, a whopping 32.2 percent drop over last year.

“During the second quarter, Barnes & Noble grew earnings through improved margins and reduced expenses, while also completing another successful College rush season,” stated Michael P. Huseby, President of Barnes & Noble/CEO of Nook Media.  ”The company is focused on executing its plans for the holiday season and our booksellers are prepared to welcome holiday shoppers and recommend thoughtful gift ideas for everyone on their list.”

B&N Seeks Kids’ Nominations for My Favorite Teacher Contest

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

Follow this link for the entry form and official rules. To enter, kids can compose essays, poems or letters revealing “how their teacher has influenced their life and why they appreciate and admire their teacher.”

Teachers can take the entries to their local Barnes & Noble, where judges will look at “the compelling nature of the teacher’s qualities, the sincerity of the student’s appreciation and the quality of expression and writing.”

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William Lynch Resigns as Barnes & Noble CEO

Barnes & Noble CEO William Lynch has resigned.  In addition, Michael P. Huseby will serve as CEO of NOOK Media and Barnes & Noble, Inc. president.

Lynch had this statement:

I appreciate the opportunity to serve as CEO of this terrific Company over the last three years,” said William Lynch.  “There is a great executive team and Board in place at Barnes & Noble, and I look forward to the many innovations the Company will be bringing to its millions of physical and digital media customers in the future.

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Barnes & Noble Reports Sales Down 7.4% in Q4

Barnes & Noble revealed a that consolidated revenues for the fourth quarter decreased 7.4 percent to $1.3 billion as compared to the same period last year. The company also saw steep 16.8 percent drop in Nook revenues.

The bookseller’s “consolidated fourth quarter net loss” amounted to $118.6 million, compared to $56.9 million during the same period last year.  Here’s more about the company’s retail performance in the fourth quarter:

The Retail segment, which consists of the Barnes & Noble bookstores and BN.com businesses, had revenues of $948 million for the quarter and $4.6 billion for the full year, decreasing 10.0% for the quarter and 5.9% for the fiscal year. The sales decreases were attributable to comparable store sales decreases of 8.8% for the quarter and 3.4% for the full year, store closures and lower online sales. Fourth quarter comparable bookstore sales decreased as a result of lower NOOK unit volume and a stronger title lineup in the prior year period including The Hunger Games and Fifty Shades of Grey trilogies. Core comparable bookstore sales, which exclude sales of NOOK products, decreased 5.8% for the quarter and were essentially flat for the full year.

Kids Can Earn a Free Book at Barnes & Noble

Will the kids in your life read more than eight books this summer? They can get a free book through Barnes & Noble’s Summer Reading program.

Kids can download the free Summer Reading Journal (PDF link) and fill it up as they read eight books this summer. They can bring the filled-up journal to a Barnes & Noble and pick out a book from the store’s special Reading Journal list. Here’s more about the process:

1. Read any eight books this summer and record them in this Barnes & Noble Summer Reading Imagination’s Destination  Journal. Be sure to let us know to whom you would recommend each book, and why. 2. Bring your completed journal to a Barnes & Noble store  between May 21st and September 3rd, 2013. 3. Choose your FREE reading adventure from the book list featured on the back of the journal.

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What Teens Are Reading Now

One alert Reddit user snapped a photograph of an empty “What Teens Are Reading Now” shelf at a Barnes & Noble.

The photo makes for some funny Thursday morning reading, but don’t despair– the shelf was only being restocked.

On the same morning, scores of readers clicked on this photograph of young kids reading on the train.

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