book2book

  booktrade.info

Search Booktrade.info:  


Wednesday 24th August

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

B&N Plans to Split Retail and Nook

Posted at 2:24PM Wednesday 25 Jun 2014

In the fourth quarter ended May 3, consolidated revenue at Barnes & Noble rose 3.5%, to $1.3 billion, and the net loss was $36.7 million compared to a net loss of $114.8 million in the same period a year earlier. For the full year, consolidated revenue dropped 6.7%, to $6.4 billion, and the net loss was $47.3 million compared to a net loss of $157.8 million the previous year.

In major news, B&N's board approved the division of B&N Retail and Nook Media into two separate public companies, which it aims to complete early next year. B&N has hired Guggenheim Securities as financial advisers and Cravath, Swaine & Moore as legal counsel for the transaction.

theverge.com

shelf-awareness.com

internetretailer.com

PW

B&N Press Release




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

Meet the 'Human Google' at the New York Public Library
www.cbsnews.com

The local library remains a vital source for research

School Librarian of the Year Award 2016
www.sla.org.uk

Five exceptional librarians from a wide variety of schools

'Do a Bradbury' and 'bogan' among 6,000 new entries in Australian National Dictionary
www.theguardian.com

Updated dictionary's second edition has more than 6,000 new words and phrases, including entries from more than 100 Indigenous languages

Women in UK still far adrift on salary and promotion
www.theguardian.com

Gender pay gap remains a gulf

New branch of Waterstones opening on Teesside this week
www.gazettelive.co.uk

A new Waterstones is opening in Yarm

How the Panama Papers Show Publishers the Value of Big Data
www.digitalbookworld.com

The hidden value sitting locked in large amounts of unstructured data, such as notes, documents and emails

Account Sign-In

Most Popular Stories

  1. How unwanted second-hand books became big business
  2. Women in UK still far adrift on salary and promotion
  3. How to Be Active on Social Media without Losing Your Mind
  4. Hugo awards see off rightwing protests to celebrate diverse authors
  5. Publisher wins rights to Voynich manuscript, a book no one can read
  6. 'Do a Bradbury' and 'bogan' among 6,000 new entries in Australian National Dictionary
  7. Scott Pack & the cult of the low-brow bestseller
  8. School Librarian of the Year Award 2016
  9. Emma Watson's Feminist Book Club To Read 'Half The Sky'
  10. Sturgeon Launches School Reading Challenge