With sales of trade books falling about 6.8% on a same store basis in the second quarter and forecasts calling for more book sales to migrate from print to digital over the next few years. the number one focus at Borders is to redefine its store model, Mike Edwards, CEO and Glen Tomasczewski, interim CFO, [...]
Among other revelations from yesterday’s Apple event was the unveiling of Ping, a new social network that runs through iTunes, which allows users to recommend, comment on, and discover iTunes music and to follow artists, who update their profiles regularly. It’s a bit like Facebook for friends and famous people crossed with a store.
Though Ping [...]
Early in today’s Fall special event, Apple surprised everyone with a sneak peak of the next, next iOS release–4.2. It’s all about the iPad.
iOS 4.1 hasn’t even been released yet (the most current software for iPhones and iPads is version 4.0.2), and iOS 4.2 is still weeks away–but Steve Jobs thought it important enough [...]
It has been a bumpy year for Barnes & Noble, the country’s largest book chain, with 720 stores. Sales and store traffic have suffered as the book business has shifted online; Amazon has held its early lead in the e-reader war; and early this month, Barnes & Noble put itself up for sale and is now [...]
The $99 price point on e-readers has finally, officially been reached! Beware the crowds on the street rushing to Borders to adopt the habit of digital reading.
The Borders group reduced the price of the two e-readers it sells–the Kobo and Aluratek e-readers–to $129 and $99 respectively. No doubt Borders hopes to make up for [...]
With Apple’s iAd venture off to a bumpy start, and iBook sales moving along slower than expected in the face of the Kindle’s enormous popularity, Apple is considering a move that will either be embraced by publishers and consumers, or despised. According to The Wall Street Journal and CNET, Apple is seriously considering the insertion [...]
Canadian book sales fell in the second quarter of 2010 compared to the same quarter last year, both in the number of books sold and the value of the sales, according to new figures from BookNet Canada. Overall, the market was down 4.1% in unit volume and 4.3% in sales in the quarter. The fiction [...]
Electronic books continue to show explosive growth in the Association of American Publishers Monthly Sales report. The AAP reports that June 2010 gross eBooks sales were $29.9 million, an increase of 118.9% over the $13.7 million in sales reported for the same period in 2009. Gross eBook sales for the first six months of [...]
PW: In what appears to be an effort to strengthen his voting position for a likely proxy fight, B&N founder and Chairman Leonard Riggio has excercised options to buy 990,740 shares of B&N stock for $16.8 Million, or $16.96 a share. Based on the Tuesday closing price of B&N stock, Riggio paid about $1.61 premium per [...]
The world’s largest book retailer, Barnes & Noble, announced Tuesday that its board of directors is considering selling the company in order to increase shareholder value. As the bookseller explained today, the board has formed a team to evaluate “strategic alternatives” to make sure it’s “taking advantage of [its] compelling digital opportunities.” Putting the [...]