bookselling

Barnes & Noble's Earnings Rise, but Profits Fall

It has been a tumultuous year for Barnes & Noble, the country's largest bookseller, and its quarterly earnings report reflects that. Total sales for the quarter were $1.9 billion, a bit less of a gain than analysts had predicted, while earnings were a net loss of $12.6 million, also worse than expected.

Barnes & Noble Shareholders Rubber-Stamp Poison Pill

Back in September, billionaire Ron Burkle lost his proxy war with Barnes & Noble's board, failing to kill the poison pill that kept him from upping his stake in the company. That made Wednesday's shareholders meeting all but a formality. But what's next for the nation's largest bookseller?

Is Apple Using Gift Cards to Prop Up a Sagging iBookstore?

Sales of e-books on Apple's iBookstore have made "barely a blip" in the digital book market. Will its new iBooks gift cards help to change this -- or will customers continue to use apps to allow them to read Amazon and Barnes & Noble e-books on their Apple devices?

Is Borders' Sale of Its Corporate HQ a Death Knell?

Surely, the sale of Borders' Ann Arbor, Mich., headquarters for almost $18.4 million adds to the persistent rumors of the company's imminent demise. But the truth is more complicated and has more to do with real estate than books.

President Obama's Book-Sales Boost: Second Only to Oprah's?

From history and economics to crime novels and biographies, whatever book the president touches -- and talks about -- turns into sales gold. Americans are very clearly interested in whatever the president is reading, and they're buying accordingly.

More Bad News for Borders With 2Q Earnings

For the quarter ending July 31, overall sales dropped 11.5% from a year ago to $526 million, continuing a downward spiral that's seen revenues over this time decline year-on-year from $945 million in 2007 to $749 million in 2008 to $617 million in 2009.

Borders Drops e-Reader Prices, Gets Bears

Faced with tumbling book sales, Border's, the country's 2nd largest bookstore chain, will begin selling stuffed animal kits from Build-A-Bear Workshop in its stores. It also plans to cut prices of its e-reading devices.

Barnes & Noble Kicks Off Proxy Fight With Burkle

Barnes & Noble's board has sent a letter to shareholders urging them to vote to rebuff investor Ron Burkle's battle to control the bookseller. The letter is part of annual-meeting materials B&N mailed to shareholders, formally launching its proxy battle.

Books-A-Million's Predictable Earnings Story

For investors, Books-A-Million stands out for its stability in a turbulent industry. The bookseller reported that second-quarter profits climbed to $1.9 million, although its sales fell.

Barnes & Noble's Founder Digs in for Proxy Fight

Ron Burkle may have drawn first blood in the proxy fight that now looks all but inevitable at Barnes & Noble's annual shareholders meeting next month, but founder and chairman Leonard Riggio is not about to back down. In fact, Riggio's increasing his stock holdings and staying on the board of directors ballot while two others vacate their seats.

Why Going Private Could Be Barnes & Noble's Best Bet

With its stock plunging and the trial between key shareholder Ron Burkle and top company executives about to take place in court, signs point ever more clearly to the possibility that Barnes & Noble will go private. And that just might be the best step for the company to take.