Skip to comments.Barnes & Noble to Split Retail Stores, Nook Digital Business
Posted on 06/29/2014 8:47:30 AM PDT by Perdogg
Barnes & Noble Inc. BKS +0.60% is to split in two, separating its unprofitable Nook digital business from its consumer bookstores, an acknowledgment of the difficulties the retailer faces in competing with bigger companies like Amazon.com Inc. AMZN -0.34% in the e-book and hardware sector.
The split, expected to occur by March, will make Nook Media a separate public company housing both Barnes & Noble's Nook e-book and e-reader business as well as its college stores. Among Nook Media's big shareholders will be Microsoft Corp. MSFT +1.27% and Pearson PSON.LN 0.00% PLC, both of which have invested in the Nook Media division but don't have a stake in the broader company.
(Excerpt) Read more at online.wsj.com ...
Nothing like Kindles. I love mine.
I thought Barnes & Noble had gone out of business. Maybe I was thinking of another bookstore chain.
|Gut the Gibesmedat Gang ☭|
|I, for one, welcome our new Cybernetic Overlords /.|
Ebooks are SO over priced.
Every time I try to search "books" on B&N, up comes the stupid "nook".
I tried electronic readers for about a year and a half, then I went back to books.
Barnes & Noble is more of a toy store than anything else these days. Of course, the Union Square store pictured here is OK but those suburban stores! Awful!
I love my Kindle too...
Best sellers are and “big” authors, but I have signed up for emails daily for very low cost or free books and have found a lot of very good authors that way.
Some aren’t good, but when they’re free, no big deal, delete them. Others are so good that I will read others by the same author, which is what they want when they put them for free or $0.99.
I used to spend a lot of money on real books, the cost to read has changed drastically since I found the low cost books. I still buy my favorite authors’ works, but it balances out with the cheap ones. Except recently a favorite of mine had a new book come out and the e-book price was $14.44. NO WAY.
Not good news for B&N. My oldest son worked for their college division up until a year ago and told me that their business strategy circa 2010 was re-organizing the company around the Nook.
You’re right....that’s what I was thinking of.
I bet Amazon buys them and rolls them into Kindle.
Amazing the head starts that BN and Borders had over Amazon. Yet, geniuosly Bezos knew that books were the one product consumers did not need to feel and test out.
I still use my local library to sample books before buying them online. You can also borrow most of the best sellers at the library and determine for yourself if it is worth buying an e-book version. I don't mind paying full price for an e-book if I know I will like it.
I used to think there would always be a market for hardbound books but the e-book format is so convenient that I can't imagine every buying a traditional book again.
What I miss is book stores. There is not one less than 45 minutes of here. Going through choices online is just not the same as going through a bookstore and finding something unexpected.
Perhaps a B&N devoted to real inventory will begin identifying areas underserved by bookstores...we can only hope.
I have two nook hd+9s and they are great.
But no monthly fees like my overpriced iphone, landline, cable tv, etc etc
I’m with you, grania! I do have an e-reader, and I do use it, but I MUCH prefer a real book.
The e-readers are good for a quick fix-type purchase, but there’s nothing quite like browsing through a real bookstore and coming across an unexpected treasure.
Thankfully, I still have a B&N nearby where I can indulge in a bit of book browsing.
Yeah—My son bought a Nook shortly before leaving B&N and he loves it. His concern now is over product support and what will be available in the future.
I stare at a @*$(&% computer screen too many hours out of the day. When I have time to do something enjoyable, like read, I want the serene comfort of printed words on paper.
And before anybody replies to this - no, I don’t really give a damm how many books are magazines you have on your little electronic doo-dad. You can have your share and mine both!
I agree, these are disposable at this point.
Tango Uniform, September 2011.
There's so much free content to be consumed on the internet that I must confess I didn't notice.