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Barnes & Noble

Barnes & Noble Predicts Lower Nook Media Revenues

Barnes & Noble alerted investors this week that an upcoming earnings call will contain some disappointing news.

In a short release, the company explained: “Based on current forecasts, the Company now expects its fiscal year 2013 NOOK segment EBITDA loss to be greater than it was in fiscal 2012 and expects fiscal year 2013 NOOK Media revenues to be less than $3 billion.”

The company has scheduled its earnings call for investors at 10:00 a.m. ET on Thursday, February 28. Last month, the bookseller spooked investors, publishers and readers in a Wall Street Journal report that “Barnes & Noble Inc. expects to close as many as a third of its retail stores over the next decade.”

Barnes & Noble Retail Revenues Down 10.9% for Holiday Period

Barnes & Noble bookstores and BN.com businesses reported revenues of $1.2 billion for the nine week holiday period, a 10.9 percent decrease compared to the same period last year for the retail side of the business.

At the same time, the company saw a decline in Nook sales. While the Nook segment reported $311 million in revenues during the holiday period, these sales marked a 12.6 percent decrease compared to the same period last year.

Here’s more from the bookseller: “While Retail sales of NOOK products fell short of the company’s expectations, bookstore sales of core products exceeded the company’s expectations, and therefore, the company continues to expect fiscal year 2013 Retail comparable bookstore sales to decline on a percentage basis in the low- to mid-single digits.”

 

 

Barnes & Noble Brings Nook To The U.K.

Barnes & Noble has launched its Nook line of eReaders in the U.K. The bookseller is currently selling the Nook Simple Touch for £79 and the Nook Simple Touch GlowLight for £109 via its website nook.co.uk.

The bookseller has also partnered with the supermarket chain Asda to sell Nooks and digital media. Nook devices will be the exclusive eReader in more than 300 Asda stores across the U.K. as well as online at Asda Direct.

Barnes & Noble enters the British market later than its competitors. Amazon and Kobo both introduced devices and launched  eBook stores in the U.K. last year.

Barnes & Noble Has Credit Card Breach In Stores

Barnes & Noble has been attacked by hackers and the PIN pads in 63 of its stores have been compromised. In response, the book retailer has discontinued the use of PIN pads in all of its stores nationwide. The company is recommending that customers who shopped in the affected stores in September should change the PINs on their ATM cards and check their credit card  statements for any suspicious charges. (Follow this link for a list of the stores affected).

The New York Times broke the news last night. Check it out: “The company discovered around Sept. 14 that the information had been stolen but kept the matter quiet at the Justice Department’s request so the F.B.I. could determine who was behind the attacks, according to these people.”

Barnes & Noble said in a press release that its customer database is secure and that Barnes & Noble.com, Nook and Nook mobile apps were unaffected.

My Little Pony eBooks Exclusively On Nook

Toy maker Hasbro has partnered with Barnes & Noble to release eBook editions of the children’s book collection, My Little Pony. As of today, the Nook Store is selling 11 My Little Pony titles ranging in price from $3.99 to $4.99.

This series includes titles such as My Little Pony: The Cutie Mark Crusaders; My Little Pony: The Magic of Friendship; and My Little Pony: Applebuck Season.

The release comes at a time that the 1980s children’s toy has been experiencing a resurgence in popularity. In the spring, the toys were celebrated in an art exhibit in Los Angeles called My Little Pony Project 2o12, an installation dedicated to the cult toys.

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Barnes & Noble Beats Wall Street Predictions

Barnes & Noble exceeded Wall Street estimates today, reporting that consolidated revenues had risen 2.5 percent to $1.5 billion in the fiscal 2013 first quarter compared to last year (analysts had predicted $1.48 billion in revenues).

As revenues rose, the company reported net loss of $41 million–loss declining 28 percent compared to last year. Barnes & Noble College bookstores recorded $221 million in revenues, a two percent decline from last year.

Here’s more about retail earnings, from the release: “The Retail segment, which consists of the Barnes & Noble bookstores and BN.com businesses, had revenues of $1.1 billion for the quarter, increasing 2% over the prior year … Comparable bookstore sales continued to benefit from the liquidation of Borders’ bookstores in fiscal 2012 and strong sales of the Fifty Shades of Grey series.”

 

Barnes & Noble to Bring Nook to the UK

Barnes & Noble announced today that the Nook will be available in the UK this fall. The book retailer will begin sell its Nook eReaders through the storefront www.nook.co.uk in mid-October.

AppNewser has more: “The store will launch with the Nook E Ink Readers — the Nook Simple Touch and Nook Simple Touch with GlowLight. The store will also sell eBooks, apps and digital magazines and newspapers with a catalog of more than 2.5 million titles. The company will also sell its devices at leading retailers in the UK.”

While the store opening does put Barnes and Noble in business just in time for the holiday shopping season, the book retailer is late to the game in the UK market as compared to its competition. Amazon, Kobo and Google already sell devices and eBooks in the UK.

Nook Tablet Is Now $179

In a competitive move against Amazon, Barnes & Noble has dropped the price on its Nook Tablet and Nook Color devices.

The bookseller is now selling an 8GB Nook Tablet for $179, $20 less than the device’s previous price of $199. The price drop undercuts Amazon’s Kindle Fire device, which sells for $199 for the 6GB edition. The news also comes as rumors circulate about Apple releasing a smaller cheaper “iPad Mini.”

AppNewser has more: “To help encourage back-to-school sales, Barnes & Noble has also been pushing its Nook Tablet devices by giving away kids eBooks with the purchase of the device as part of the Nook Kids Summer Reading Program. Currently, Barnes & Noble is giving away a collection of Disney eBooks to customers who purchase a Nook Tablet through September 2nd.”

Barnes & Noble Giving Away Disney Books with Nook Purchase

Barnes & Noble is giving away a collection of Disney eBooks to customers who purchase a Nook Tablet today through September 2.

The giveaway is part of the Nook Kids Summer Reading Program. The book retailer has been giving away different eBook collections to Nook Tablet customers throughout the summer. Once a customer buys the tablet, they are given a download code, for free access to these titles during the limited time giveaway.

AppNewser has more: “The series of books is aimed at 3 to 6 year olds. The highlight the various features of Nook’s children’s books including the interactive “Read and Play” feature and the “Read To Me” option. The giveaway includes: Winnie the Pooh: Party in the WoodCars Read-Along StorybookJust Squidding (Phineas and Ferb Series #5)Cinderella Read-Along Storybook, Toy Story 3: So Long, Partner and The Great Tournament (Wizards of Mickey #1).”

 

Barnes & Noble Releases Nook for Web

Barnes & Noble’s digital reading platform Nook is now available on the web. Nook for Web lets Nook readers access their eBook library from an online browser without having to download anything.

AppNewser has more: “To promote the service, Barnes & Noble is giving away six free eBooks throughout July 26th, including: Map of Bones by James RollinsSex and the City by Candace BushnellThe Vow by Kim CarpenterThe Boxcar Children Summer Special by Gertrude Chandler WarnerBrave by Tennant Redbank and Perfect Island Getaways by Patricia Schultz.”

The web app works on Internet Explorer, Chrome, Firefox and Safari. The display includes a “realistic book-like layout,” with the page numbers and a slider at the bottom of the screen to help readers navigate through the book.

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