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 [...]
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 [...]
Late Tuesday afternoon, the board of directors of Barnes & Noble announced that it was considering a sale of the nation’s largest bookstore chain. In an announcement, the B&N board said that in a bid to increase shareholder value it was exploring all strategic alternatives. Despite undertaking a number of new initiatives, including plans to [...]
PW: Bookstore sales fell for the second consecutive month in May, with revenue in the month down 2.6%, to $1.09 billion, according to estimates from the U.S. Census Bureau. Bookstore sales for the first five months of 2010 were down slightly, falling 0.4%, to $6.33 billion. Bookstore sales, faced with easy comparisons to a soft [...]
With dismal holiday sales, sagging shares, loan deadlines, layoffs and the resignation of its most recent CEO, Ron Marshall, Borders Group Inc. may face pressure from investors to consider a pre-packaged bankruptcy or liquidation, the Deal Pipleine reported on Saturday. The book retailer’s market cap is only about $53 million, slightly more than the $42 [...]
Book Expo America (BEA) is held Friday through Sunday in May or early June every year. This year is May 29th – 31st.
The primary purpose of the show has traditionally been to make booksellers aware of publishers’ fall lists. However, between the decreasing number of independent booksellers who now generate less than 20 percent of [...]
In the floundering economy, major book retailing companies, such as Borders, have been finding it hard to increase revenue, pay off loans, and still focus on growing as a company. Book sales are down and product costs are up. Thanks to negotiations with Pershing Square, however, Borders will be allowed a lengthy 12-month respite in [...]