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Barnes & Noble

Lawsuits bring a touch of class action to Barnes & Noble Nook filing debacle
December 10, 2013 | 10:00 am

barnes & nobleAs reported in Forbes and widely elsewhere, Barnes & Noble's latest quarterly filing includes an item to the effect that the US Securities and Exchange Commission has "commenced an investigation into: (1) the Company’s restatement of earnings announced on July 29, 2013, and (2) a separate matter related to a former non-executive employee’s allegation that the Company improperly allocated certain Information Technology expenses between its NOOK and Retail segments for purposes of segment reporting." Nate Hoffelder and others have withheld judgment on the issue for now. But investors haven't (B&N stock fell 12 percent on the day the news broke, according to Associated Press)....

SEC probing Barnes & Noble accounting
December 7, 2013 | 12:08 pm

Barnes & NobleBarnes & Noble has been hit with more bad news. On Friday, it was revealed the SEC was investigating B&N’s accounting, according to an Associated Press report in USA Today. According to the report, the SEC told the book company it was looking into two issues: the company’s restatement of earnings announced in July and an allegation from an employee who said that B&N improperly allocated some information-technology expenses between its Nook and retail segments. B&N said in a July filing that it had restated results from the fiscal years ending in April 2011 and 2012 due to material errors in the financial...

Blockbuster closes its last stores – is this the future for Barnes & Noble?
November 6, 2013 | 6:46 pm

Big news all over the net today: Blockbuster Video (now a sub-brand of Dish Network) is closing its last 300 corporate-owned stores, and shutting down its DVD-rental-by-mail program. 50 franchised stores will remain open for the time being, but the writing is probably on the wall for them too. Blockbuster’s @Home and On Demand services for streaming or downloaded video will also continue. While this might not seem relevant to e-books directly, it’s worth bearing in mind that the business pressures that brought this turn of events about are basically the same pressures that did in Borders and are facing Barnes...

Factory-Refurbished 8-Inch Nook HD Android Tablet now $70 on eBay
October 25, 2013 | 12:32 pm

GEDC1556 Remember that 8” Nook HD refurb I got a couple of months ago? An eBay seller has a “limited quantity” of factory-refurbished units available at the amazing price of $70 each. (Just over 1,900 had been sold by the time I wrote this.) You can add a two-year SquareTrade warranty for another $17. (Update: The price went up to $80 after 2,000 units were sold. Still a great bargain, though.) As I’ve written elsewhere, this is a great little Android tablet. Maybe not so much if you stick with the stock B&N operating system, which will give you Google Play but...

Barnes & Noble puts e-readers, Nook HD tablet on sale
September 24, 2013 | 9:15 am

new-barnes-and-noble-nook-HDSpeaking of Barnes & Noble sales, Nate Hoffelder at The Digital Reader points out that B&N is running a more general sale on its Nook hardware, this week only. The Nook Simple Touch is $20 off, as I already mentioned, but so is the Nook Simple Touch with GlowLight, now $80 instead of $100. And the Nook HD has been knocked down to $110 or $130 for its 8GB and 16GB versions, respectively. The Nook HD in particular is worth a look. I’m enjoying my $90 refurbished unit immensely since I rooted it with CyanogenMod. (I’ll write about my...

Refurbished Nook Simple Touch: $40 on eBay
September 24, 2013 | 4:48 am

If you’re looking for a good cheap e-reader, an eBay seller is running a $40 with free shipping special on refurbished Nook Simple Touch units. This is B&N’s 2011 model, a 6” 800x600 unlit Pearl e-ink reader that can do EPUB, including Barnes & Noble’s and Adobe Digital Editions’ DRM. It has 2 GB of onboard storage, plus an SD card slot for loading more media. If you’re invested in Barnes & Noble’s content ecosystem (for example, you have a lot of e-books from eReader/Fictionwise that got imported to B&N after it shut those stores down), or just want something...

The Future of the Traditional Bookstore
September 11, 2013 | 2:57 pm

Here's more digital ink being spilled on this topic: what should the bookstore do? With ebooks on the rise, print on the decline and increasingly, shelf space being occupied by non-book items, what is the bookstore to do? Michael Kozlowski thinks they should be making apps, to lessen their reliance on third parties like Google and Amazon. While I think he does fine work over at GoodeReader, I have to disagree with him on this one. We don't need more apps. We don't need more ecosystems. We don't need to fragment a not-quite-settled marketplace yet with still more stuff, for two...

Refurbished Nook HD: First Impressions
September 7, 2013 | 2:55 am

GEDC1556A few days ago, Woot had a $90 special on refurbished 8 GB 7” Nook HD tablets. Since I accidentally cracked my Zeepad screen a few weeks ago and felt the need for a handy little 7” Android tablet, I figured why not. I ordered a case and screen protectors (from Amazon Prime!) and the whole thing arrived today. Installing the screen protectors turned out to be an exercise in frustration. I went through both of them, and still managed to get specks of dust trapped under the protector. ARGH! The case I ordered was white, as I was...

Barnes & Noble makes UK blooper with promo deal ad censure
August 22, 2013 | 10:38 am

Already under fire for its incoherent policy on tablets and e-readers and its continuing missteps versus Amazon, Barnes & Noble has just been formally criticized by the UK's Advertising Standards Authority over its recent promotion of discounts on the Nook e-reader to £29.00 ($45.23), for failing to ensure "sufficient availability of the product at the advertised price." The silver lining, if any, for B&N is that at least the unanticipated response shows how high the demand for e-readers can be—at the right price point. The original—shown here courtesy of The Guardian—ran in the last week of April 2013 in the UK press, stating: "Only £29 RRP...

Morning Roundup: How do you make money when everything is going free?
August 21, 2013 | 9:23 am

moneyHow Do You Make Money When Everything is Going Free? (Futurebook) Stop worrying about the price of books, or music, or art, going to zero. It’s happening. It’s happened. There is no going back. * * * Will Copyright Be Extended 25 Years? An Old Debate Returns (GigaOM) In 1998, Congress agreed to grant another 20 years of copyright protection to every film, book and song in the land. Now, the laws are under review once again — and legal scholars are starting a pool on whether there another extension will take place. * * * Barnes & Noble Claims They Will Continue to Make Tablets...

Barnes & Noble Nook sales drop, but still staying in the game
August 20, 2013 | 8:18 pm

Barnes & NobleBarnes & Noble has released its latest earnings report for the 2014 first quarter. As expected, the company saw a drop in revenues for a total of 8.5 percent. B&N’s retail segment, which consists of the Barnes & Noble bookstores and BN.com businesses, saw a decrease of 9.9 percent to $1 billion in revenues for the quarter. However, the Nook division took a large loss, a drop of 20.2 percent from $192 million to $153 million compared to this time last year. B&N attributes that loss to lower sales on Nook devices than anticipated. After the last quarter, many reports focused on what...

William Lynch and His Reading Habits: Do onscreen readers really care about books?
July 29, 2013 | 1:45 pm

William LynchArit John has just run a highly negative piece on The Atlantic Wire about now-ex-CEO of Barnes & Noble William Lynch, based on Susan Berfield's reporting in Bloomberg Businessweek. And as you might judge from the title, "Barnes & Noble's Ex-CEO Might Still Have a Job If He Cared About Books," a main thrust of John's critique of Lynch is that he just didn't care about—or understand—books. Indeed, John implies that Lynch showed his lack of understanding and appreciation of books by preferring e-books to the genuine printed article. John cites Lynch's interview appearance on Bloomberg TV: "Lynch was asked what book...