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Barnes & Noble ends Nook deal with Microsoft
(AP) Bookseller Barnes & Noble said Thursday it is ending its commercial agreement with Microsoft for its Nook e-book reader ahead of its planned Nook spinoff. The news came as the largest U.S. traditional bookseller reported second-quarter net income that missed expectations. Barnes & Noble, beset by tough competition from online retailers like Amazon and […]
Barnes & Noble 1Q loss widens; Riggio ends offer
NEW YORK — Barnes & Noble says it plans to keep making its Nook electronic readers and will focus on offering content to its customers, even as its first-quarter net loss nearly doubled. The quarterly results came as the struggling bookseller’s chairman said he is abandoning his bid for the company’s retail stores. Shares tumbled […]
Barnes & Noble posts 3Q loss as Nook costs mount
NEW YORK — The digital business is weighing on Barnes & Noble Inc., the largest traditional U.S. bookseller. The company posted on Thursday a loss in the fiscal third quarter, hurt by weak sales during the all-important holiday quarter for its Nook e-book readers as well as at its bookstores. Nook revenue fell 26 percent, […]
Barnes & Noble exec plans more store closings
NEW YORK — Barnes & Noble reportedly plans to continue to shrink its store base. The head of Barnes & Noble’s retail group, Mitchel Klipper, says in an interview published Monday in The Wall Street Journal that the company will have 450 to 500 stores in a decade. That’s down from about 689 currently. Klipper […]
Barnes & Noble launches new Nook HD
NEW YORK — Barnes & Noble is rolling out two new versions of its Nook tablet with sleek new hardware and a sharper high-definition screen. The bookseller’s move heightens the already intense tablet wars heading into the holiday season. Barnes & Noble said Wednesday that its new Nook HD will come in two sizes, one […]
Barnes & Noble, Microsoft team up on Nook, college businesses
NEW YORK — Books and bits united Monday as Microsoft provided an infusion of money to help Barnes & Noble compete with top electronic bookseller Amazon. In exchange, Microsoft gets a long-desired foothold in the business of e-books and college textbooks. Microsoft Corp.’s $300 million investment sent Barnes & Noble Inc.’s stock zooming up $9.15, […]
Barnes & Noble fiscal 3Q net income falls
NEW YORK — Barnes & Noble said Tuesday that its fiscal third-quarter net income fell 14 percent, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet. In its latest salvo in the tablet competition Amazon.com, Barnes & Noble said it will sell a Nook Tablet device with […]
Towson Circle to get 16-screen Cinemark theater
Construction of an $85 million entertainment complex in Towson that includes a 16-screen movie theater and five new restaurants is expected to begin by March, according to Baltimore County officials. The development is the second phase of the Towson Circle project at York and Joppa roads. “In this down economy, to have this investment in […]
Amazon says 2011 ‘best holiday ever’ for Kindle
SEATTLE — Online retailer Amazon says 2011 was the best holiday ever for its Kindle-brand e-readers and tablet computers. Amazon.com Inc. said Thursday that people bought more than 1 million Kindles each week in December. The company has never released specific sales figures for the Kindle. Since the launch of the first Kindle in 2007, […]
Amazon unveils $199 Kindle Fire tablet
NEW YORK — Amazon CEO Jeff Bezos on Wednesday showed off the Kindle Fire, a $199 tablet computer, challenging Apple’s iPad by extending its Kindle brand into the world of full-color, multipurpose devices. Bezos also took the opportunity at a New York press event to introduce a new line of Kindle e-readers with black-and-white screens […]
Amazon expected to launch tablet Wednesday
NEW YORK — Amazon is expected to unveil a tablet computer Wednesday, picking a fight with Apple Inc. and its iPad. The iPad has many challengers, but analysts say Amazon’s could be different — it has a chance to be more than a wannabe. Amazon.com Inc. is nearly unique in its ability to sell content […]
Don’t blame recession for Borders’ closing
The closure of all of Borders’ 399 bookstores nationwide — including 18 in Maryland — is not only a dramatic illustration of the changing publishing industry, experts said Tuesday, but also reveals the delicate relationship between large companies facing industry-specific problems and the commercial real estate market. “It’s the same thing we saw with Blockbuster,” […]
