book2book

  booktrade.info

Search Booktrade.info:  


Saturday 30th April

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

Australians Are Paying Too Much For Books
www.heraldsun.com.au

Import restrictions should be lifted, a new government report has said

Nikki Griffiths is new MD of Melville House U.K.
www.shelf-awareness.com

Griffiths, who will be based in the company's London headquarters, was previously head of publishing at Hesperus Press

Diversity Celebrated At 2016 Edgar Awards
www.theedgars.com

Walter Mosley is first African-American Grand Master

Oscar's First Book Prize
www.standard.co.uk

The judges have whittled down the 60 entries to a short list of five

Please welcome the ISNI
publishingperspectives.com

The ISNI identifies people, not products

Harlequin Shutters Blaze Imprint
www.quillandquire.com

Shifts some North American distribution online

Account Sign-In

Most Popular Stories

  1. Amazon Sees Profits And Sales Surge
  2. Jenny Diski, Diagnosed With Inoperable Cancer, Dies Aged 68
  3. Harlequin Shutters Blaze Imprint
  4. Oscar's First Book Prize
  5. Data-driven Publisher Inkitt Signs First Predicted Bestseller With Tor Books
  6. Pearson First Quarter Sales Fall On U.S. Contract Losses
  7. Former Asda Director Takes Helm Of Amazon's UK Operations
  8. Chinese Rights Lawyer Strikes Back At ABA Over Scuttled Book
  9. Australia: Productivity Commission Recommendation Threatens Livelihood Of Book Industry
  10. Scientology Leader David Miscavige Is Threatening To Sue Over His Father's Book