Outwrite Bookstore and Coffeehouse in Atlanta said the store may have to close after more than 18 years in business unless it can find a new location within the next few months. “Our lease is expiring in a few months and there really is no way that any model we have looked at will allow us to continue in this space,” owner Philip Rafshoon told the Atlanta Journal-Constitution. “For 15 years we have been a part of helping the neighborhood grow around us and hopefully we will find a location where we can do the same for another community or […]
Bookstores
Liberty Media May Have Renewed Interest In Buying All of Barnes & Noble–Or Not
Barnes & Noble stock took another ride on Friday, at one point up another 10 percent a research note issued by Robert Routh at Phoenix Partners Group and carried on Bloomberg indicated Liberty Media “may be setting up a $1.5 billion credit facility to help fund” a full buyout of the bookseller. By mid-afternoon, however, BN spokesperson Mary Ellen Keating told Bloomberg that speculation was “not accurate,” adding “there’s no truth to it.” The stock gave back some of its gains but still closed up for the day on Friday. Today the market has opened down on concerns about Europe, […]
Barnes & Noble Bullish
The bookseller’s stock had another big day on Thursday, rising another 10.5 percent, passing $15 a share on very high volume. (That’s a two-day gain of 25 percent.) More curious still, there was unusual interest in shares of Books-a-Million as well, which had been in steady decline all year, shedding 65 percent of its value. BAMM shares traded at almost ten times their usual volume Thursday, rising 56 cents (a 24 percent boost). What’s up with that? The NY Post floats the idea that a private investor tour on Tuesday led by BN ceo William Lynch to show off the […]
A Burst for Barnes & Noble
In a day when the overall market was down more than 3 percent, Barnes & Noble’s shares worked up nicely during the day Tuesday and then took off like a shot right after 3:00. Shares finished the day up almost 14 percent, at $13.68, and have continued to trade up this morning, now above $14 a share–their highest point since August. With no obviously discernible reason, the pop was likely driven by some kind of Wall Street rumor or expectation that the company could be back in play. At 1:00 yesterday, Liberty Media announced Barnes & Noble would present at […]
Bookselling: BN Asked Justice to Investigate Microsoft; Australia Prepares to Reduce Import Ban to 14 Days
In documents filed with the International Trade Commission as part of the patent-infringement lawsuit brought by Microsoft, Barnes & Noble indicated that over the spring and summer they appealed to the Justice Department to investigate Microsoft on anti-trust grounds. “Microsoft’s willingness to bully small players with expensive litigation raises a substantial barrier to entry in any market in which it claims dominance,” general counself for BN Eugene DeFelice wrote, the WSJ reports. “Microsoft’s exorbitant licenses for its patents entrench the dominant players in the relevant markets because those players can afford to take a license, while small players cannot.” WSJ […]
Nancy Jensen’s The Sisters Tops December Indie Next List
Here are the ABA’s latest monthly picks: 1. The Sisters: A Novel, by Nancy Jensen The Angel Makers, by Jessica Gregson Catherine the Great: Portrait of a Woman, by Robert K. Massie Mourad: New Moroccan, by Mourad Lahlou Harbor, by John Ajvide Lindqvist The Drop, by Michael Connelly Family Legacy, by Jack O’Halloran Second Read: Writers Look Back at Classic Works of Reportage, by James Marcus (Ed.) Blue Nights, by Joan Didion BarnHeart: The Incurable Longing for a Farm of One’I Am Half-Sick of Shadows: A Flavia de Luce Novel, by Alan Bradleys Own, by Jenna Woginrich 420 Characters, by […]