Skip to comments.Barnes & Noble may split off Nook business (Liberal bookseller preparing for Chapter 11?)
Posted on 01/05/2012 6:14:02 AM PST by jimbo123
Bookstore owner Barnes & Noble Inc (BKS.N) on Thursday said it is considering splitting off its Nook electronic reader business, which has been the main growth engine for the company.
(Excerpt) Read more at reuters.com ...
yes most likely...of course maybe the Nook is part of the problem? BN is also suffering with those prime lease locations...I bet their landlords are taking a beating right now, as well.....
Call me old fashioned. I like books without batteries.
The ebook business, last I knew, had lousy margins for etailers. The publishers are the folks making money there. And the superstore model for bookstores is nuts.
Have no sympathy for the lefty groups / outfits that want to shove socialism in our faces. Notice every time you go into those BN stores - the lefty authors are all in prominent places? That’s why I stopped going there. I will NOT promote or support left leaning in your face stores.
It’s kind of like the lefty newspapers all going down hill or look at the success of the liberal talk show hosts. All I can say is HA HA. you reap what you sow. How foolish for these folks to think conservatives will continue to support such dribble.
Barnes and Noble is the Best Buy of bookstores. I won’t shed a tear if they get what’s coming to them.
I used to get great deals at Borders with the coupons they always gave out. I still miss them.
Those great deals were one of the reasons Borders went belly up.
They cant beat the library price!
I like our local Barnes and Nobel, and would hate to see it go.
Oh, I know, but still...being able to walk into the store and use a coupon to buy a CD for about the same price as Amazon was really nice.
I hope this last brick and mortar makes it. Why would they have such a hard time? The stores are always bustling, and seem to do more business than the other big stores next to them (PetSmart, Kohl's, Dick's Sporting Goods)?
Thank you and you’re welcome! If you pay taxes, you pay the library price!
Don't get me started on public libraries. I once asked for budget info from ours and was told taxpayers are NOT entitled to that info. I had to threaten to get a lawyer.
I’m sorry. I didn’t mean to sound snarky :-)
I do too and resisted the allure of the e-book for a long time, but I just received a Kindle Touch from my husband for Christmas, and it’s wonderful. I have downloaded dozens of books for free or a dollar or two (I received $30 in a gift certificate from Amazon from the in-laws and have only spent $5 so far, LOL). I downloaded all of Shakespeare’s works for $2, Jane Austen’s entire works for 99 cents. I have a great Catholic Bible at my fingertips.
For my mother-in-law, who has had two spinal surgeries and can’t lift anything very heavy, her Kindle is a godsend, epecially since she is an avid reader. My mom likes hers since she loves long novels and doesn’t have to tote around a book everywhere she goes. We visit family a lot (4-6 hour drives depending on who we go stay with), and now I don’t have to drag a big old bookbag when we get in the car.
It has its drawbacks, to be sure. Since it’s still a relatively new thing, the number of copies of an e-book a library has is limited, and waiting lists can be long—but you don’t have to go pick it up when it’s ready. It has to be charged from time to time. However, the cost has come way down on Kindles and you can pick up something that holds 3500 books for around $100. I could have magazines and newspapers delivered on it if I choose.
So while I still love my massive bookshelves in the sitting room filled with who knows how many volumes of everything from history to religion to kids’ stories, I am already seeing the advantages to my Kindle.
I like Barnes & Nobles, too. I was sorry to see Borders go. I’v thought about getting a Nook or a Kindle, but don’t want another gadget that’ll one day be obsolete and can’t be used.
Locally, both Borders and ‘books-a-million’ have closed shop. Now I have to drive 15 minutes to get to a B&N. I would have no place to go to purchase books in person within a reasonable distance(driving in traffic) - And I’m only life 15 west of DC.
I purchased a Nook Color in early 2011, when it was on sale on B&N ebay site, for $200. I then “rooted” it, meaning I enabled all the functionality of a android tablet, instead of the locked down state it comes from B&N. It’s been a fantastic purchase, and I don’t see it being obsolete anytime soon, because of this.
OK Mr Rooter Name me five features you “unlocked” that you use regularly.
Generally on my Nook I've gotten free or very low priced classics (like $1 or $2 for 25 books) or books on sale I wouldn't have bought otherwise. Also I download anything available on B&N's free Friday. If I'm going to spend $5 or more on a book, I want something that I can either sell, give away or keep forever. Nook and Kindle books don't meet the first two and are questionable on the last. Also my first generation nook isn't quite as readable as a book. I don't know if it my eyes or just the screen not being as high resolution as paper, but I find I can read paper a lot faster than a screen.
And for those who like stuff free, http://hunt4freebies.com/20-free-nook-books/ lists 20 of B&N's Classics series for free. Ten are free now anyway, but ten are special "kickstart" editions which look the same as the normal version, but have a different UPC and don't show up in B&N searches.
Agree 100 %!
No offense taken
It’s not an exact analogy but I see ebooks as the natural sequel to old fashioned books just as cars replaced horses.
Doesn’t mean old fashioned books are going to vanish entirely just as horses haven’t vanished entirely.
But they will be more specialty items and sentimental items, where it will just make more sense to grab the ebook when all you want to do is to read the darn thing.
If this analysis is correct, it’s sure to have far reaching effects of the business of selling books - there just won’t be a need for as many book stores or for elaborate mega bookstores. It will inevitably move to a more specialty business.
And even without that B&N still has to compete with Amazon on old fashioned books so they have both headwinds to face - that of ebooks and that of Amazon selling conventional books.
B&N in Huntington L.I. just closed because the landlord felt some other business would be more profitable and more likely to pay higher rents.The store was always busy, but that wasn’t enough.
B&N invested a lot of capital in redesigning and rebuilding its stores five years ago in the NY/NJ area. Couple the notes owed on that project with the economic decline and the competition of Amazon and the future looks poor. Too bad. I like my Nook color a lot, and I,being retired, love using the store’s cafe as a library with good coffee. But it is very hard to compete against an entity with no physical overhead like Amazon.
Can you access Samba (http://www.samba.org/) shares from your rooted Nook?
I have my ebooks on a central (Linux) server and manage them from a Windows box using Calibre (http://calibre-ebook.com/). I’d like to be able to browse them via WiFi but currently plug in our Kindle & Nook to load books via USB.
I dislike walled-gardens on principal and certainly wouldn’t want to maintain two separate ones (AZN & EPUB).
B&N has the same problem Borders did. They cater to a very liberal crowd who comes in, buys a latte and reads for free all day.
Not a very good business model.
Why I like books:
“I like a thin book because it will steady a table,
a leather volume because it will strop a razor,
and a heavy book because it can be thrown at a cat.”
Very true on all points.
Barnes & Noble is an unethical company.
They practice “bait and switch” scams.
Find a book on their website at a particular advertised price, go the the brick and mortar store, and they refuse to sell it to you at the price advertised on their website.
I tried that a few days ago, and they told me that they don’t “price-match.” WITH THEIR OWN WEBSITE! This is the book I tried to buy at the website-advertised price: http://www.barnesandnoble.com/w/pioneer-woman-cooks-ree-drummond/1101968872
Let them fade away.
sad about all business's that are going belly up...thanks to obama, this country is falling apart at the seams...Please Americans help us get him out in Nov. 6, 2012
My son works for their college division—Told me over Christmas that B&N was looking to Nook sales to keep the whole operation afloat for the next couple of years. If that’s indeed true, this “news story” makes no sense.
Only “two” worth noting -
2) Android marketplace which overs hundreds of thousands of more apps than the locked down B&N app store.
Other than reading the eBooks, everything other than the browser has been obtained outside of the B&N app store. Is that enough for you?
That's the attraction for me, too. I still prefer to read an actual book, but the thousands of free books available online in every field of study is too much to pass up and I just don't like sitting at a computer to read them.
Exactly! I went to the library last night and came home with just a few books for myself (I picked up some for the kdis) instead of half a dozen or more. As much as I love my Kindle, picking up a physical book is something I find comforting. Maybe it’s psychological, lol.
I was able to find classics, religious works, and history stuff. Some women like shoe shopping, for me, it’s books. The fact that they are free or a dollar or two makes my husband that much happier ;)
The demise of Borders removed the Borders Mission Valley store in San Diego. That had the best computer science section in town. 2nd best is the Mira Mesa B&N. After that, you have to order from Amazon.
I went into 3 Barnes and Noble locations this week after not being inside for about a year. The first thing I noticed was a discernible reduction in inventory - actual racks being removed. At least 20% of the shelves were gone, replaced with open space, maybe a third.
I remarked to my wife “It looks like they’re getting ready to close stores” as we worked through our remaining gift card balances.
I firmly believe that the mass-retail bookstore model is dead. B&N appears to have come to the same conclusion - divesting of inventory and diversifying into toys, gifts and electronic publishing.
They could effectively run the same operations out of 1/3 or 1/4 the footprint and have been closing stores. One in Lansing closed before Christmas.
2 years tops, and they’re gone.
I buy a lot of books but stopped buying at B&N when they were hiding conservative books in the back of the store. I decided they wanted only liberal customers. I am not a liberal. Like every other business or profession liberals take over, they fail.
That is a hint for investment purposes. Those businesses and professions in bed with Obama/DNC will be going under. It’s guarenteed by the anti-free market and humanist ideology of their fascist leaders.
The banksters fell and brought property owners and investors down with them when they went to bed with Clinton. The media and hollywood...the private schools and universities, government motors and government electric, alternative energy companies, health care providers... Bail out of them because they all took the poison pill that will kill them in the not so distant future.
“Have no sympathy for the lefty groups / outfits that want to shove socialism in our faces. Notice every time you go into those BN stores - the lefty authors are all in prominent places? Thats why I stopped going there. I will NOT promote or support left leaning in your face stores.”
I learned that this issue has more to do with the nature of the book selling business and the publishing industry, and its demographics, than it does political sentiments of the book sellers or their managers.
It is a business after all; and the publishing business is dominated by Liberals and the book selling business has a small segment (very small) of their “bricks and mortar” revenue from selling the right to have your books placed prominently, particularly with newer released works. Thus the predominantly Liberal publishers pay the book seller more if the book seller gives their new book a good placement. The politics of the publisher may tend to be Liberal, the process in showing the books in the store is primarily a business process.
Maybe a better question is why do not more Conservatives go into the publishing and media businesses, by which they would also pay to have their works given good placement at the bricks and mortar book stores (which actually does happen from time to time) ??
Is it gonna be called NookInc?
Best Buy did that to me. So I put a little mark on the package I was trying to get price matched and put it back on the shelf. I then ordered the same item for store pickup at the web price and went to pick it up. What do you know - I got the exact same package I was trying to get them to price match. So they had to do the work of printing the order, going to the shelf to get it and then holding it for me just to keep from matching their own web price. Idiots!