Barnes & Noble Education has performed so poorly that an uptick in profits for their fiscal second quarter — even as college bookstore and textbook sales comps fell — has lifted the stock. With net income for the back-to-school quarter of $48.4 million, compared to $29.3 million, the stock rose almost 25 percent in early trading on Tuesday. Even with that, shares are still down by about a third for the year, and after spending $58.5 million for Student Brands and $174 million for MBS Textbook Exchange during the year, the improved market cap is still only about $365 million. […]
Archives for December 2017
Goodreads Winners, And More 2017 Picks
Goodreads announced the winners of their Choice Awards based on online voting in 20 categories. Here are the category winners, sorted by vote totals: Fantastic Beasts and Where to Find Them: The Original Screenplay, by J.K. Rowling (Fantasy: 92,611 votes) The Hate U Give, by Angie Thomas (Debut Goodreads Author: 74,925 votes) A Court of Wings and Ruin, by Sarah J. Maas (Young Adult Fantasy: 71,165 votes) The Hate U Give, by Angie Thomas (Young Adult Fiction: 59,571 votes) Sleeping Beauties, by Stephen King and Owen King (Horror: 50,519 votes) Into the Water, by Paula Hawkins (Mystery & Thriller: 48,247 votes) Talking […]
People, Etc.
Saraciea Fennell joins Tor/Tor Teen/Starscape and Forge as publicist on December 4. She was previously publicist at Little, Brown Children’s and also held positions at Scholastic, Harlequin and Touchstone. Kimberly Carlton has been promoted to associate acquisitions editor for fiction at Harper Christian. Christina Boys has launched CEB Editorial Services. She was most recently senior editor at Hachette Nashville. Deborah Hofmann has joined the David Black Literary Agency. She was previously the editor of the New York Times bestseller lists. Agencies The Steve Laube Agency has acquired the Leslie H. Stobbe Literary Agency. Steve Laube said in the announcement, “I’m always looking for ways to […]
Barnes & Noble Stock Is So Cheap Even Riggio Is Buying Again
With Barnes & Noble’s stock sinking again after last week’s ever-disappointing quarterly results, chairman Len Riggio stepped in to support the price, buying 1 million shares at a weighted average price of $6.8027 per share. Since 2013 Riggio has been a seller of the shares, not a buyer. (In April 2014 he sold 3.7 million shares in a block trade, claiming it was “part of his long-term financial and estate planning.” At the end of 2013, Riggio and his wife had sold 2 million shares.) Riggio is the beneficial owner of 14 million shares now, or 19.3 percent of shares […]
December Bookseller Picks
Olaf Olafsson’s novel One Station Away is Amazon‘s spotlight pick for December and Fiona Mozley’s Elmet is their featured debut. The rest of the list: Doomsday Machine, by Daniel Ellsberg The Only Girl in the World, by Maude Julien The Girl in the Tower, by Katherine Arden No Time to Spare, by Ursula K. Le Guin The Man Who Made the Movies, by Vanda Krefft Year One, by Nora Roberts, Enchantress of Numbers, by Jennifer Chiaverini The Lost Prayers of Ricky Graves, by James Han Mattson Barnes & Noble‘s top fiction list for the month also recommends the Arden, Chiaverini, […]
The January Buzz Books Monthly
With the year winding down, our newest edition of Buzz Books Monthly, provides an early look into some of the biggest titles of January 2018. Available now for download on Amazon, iBooks, and NetGalley, the sampler includes exclusive, pre-publication excerpts of seven titles due out in the first month of the year, and also featured in our Buzz Books 2017 Fall/Winter collection. As always, you can check out our extensive preview of new books of interest coming to market in the months ahead. January’s monthly sampler is devoted to fiction, starting with Chloe Benjamin’s sophomore novel The Immortalists and Neil Olson’s The Black Painting. The three debuts on the list include: […]