Barnes & Noble followed up their weak second quarter sales report with some improvement over the following 9-week holiday sales period (through December 28): Same-store sales at the BN superstores and BN.com declined 6.6 percent overall, and 5.5 percent on a comparable-sales basis, at $1.1 billion. But nearly all of the retail decline was due to weaker sales of Nook devices and accessories; “core” store sales were “essentially flat”, down 0.2 percent compared to last year. General book sales probably declined more, since the company points to “strong increases in our juvenile, gift and toys & games categories.” But the […]
eReaders
Amazon Courts Independent Retailers With Kindle Sales Program
Amazon’s ongoing attempt to convince independent retailers to sell Kindle devices and ebooks persisted a little bit more with the formalization of program under the name Amazon Source. The company touts Source as a way for “independent bookstores and other retailers to sell Kindle devices and accessories, and earn money while doing so” through programs tailored for small businesses. At least two bookstores in Washington state, the University of Puget Sound Campus Bookstore and JJ Books, tested out Amazon Source in a pilot program. Source presents two options to retailers: Buy Kindle devices at a 6 percent discount and earn a […]
New $119 Nook Glowlight Arrives A Day Early; Kobo Expands In Ireland
Rumor had it that Barnes & Noble would announce the latest incarnation of its Nook GlowLight on Halloween, but the company did so on Wednesday morning. The newest version of the frontlit e-reader, retailing at $119 and shipping immediately, weighs just 6.2 ounces — “the lightest ever, but [also] 15 percent lighter than the Kindle Paperwhite” according to the announcement — and has its “highest resolution E-Ink display” with 62 percent more pixels. Full-page flashing on page turns is said to have been eliminated from the new GlowLight, which features “next-generation lighting technology that is completely uniform across the display […]
Corporate: Apple, AudioNoGo, and Lagardere
Apple reported fiscal fourth quarter results for the period ending September 28 after the close of the market on Monday. The company sold 14.1 million iPads in the period, just barely ahead of sales in the same quarter a year ago, with strong iPhone sales of almost 34 million units. They have sold approximately 172 million iPads since the launch of the line in 2010. Sales rose to $37.5 billion, as net profit fell $700 million to $7.5 billion. Lagardere has concluded a long-running dispute with Vivendi over the valuation of their stake in Canal+ France. In a compromise, Lagardere will […]
Books Versus Other and the Rise of eBooks, Around the World
By next year (if not by now already) more than half of all books will be purchased online in the US rather than in physical stores, and Amazon executive Russ Grandinetti told the audience at Publishers Launch Frankfurt that the UK is only another year away — and he believes the same trend is “not more than three years” away for most of “the rest of Europe.” (At the same time, however, Bowker US survey data for the first half of 2013 actually shows online sales actually declining by a few percentage points, for the first time — though that […]
Amazon Announces Third Line of Kindle Fires
Amazon announced their updated line of third-generation Kindle Fire tablets early Wednesday, continuing to expand the basic specs, content features and other extras. Now called Kindle Fire HDX, they promise an “exclusive new display” that “goes beyond HD” with “exceptional pixel density.” The 7-inch model starts at $229 and will ship October 18 (the 4G version, at $329, ships November 14) ; the larger 8.9-inch model — “startlingly light at 13.2 ounces, 34 percent lighter than the previous generation” — ships starting November 7, and starts at $379 (the 4G version ships on December 10.) Feature and service additions include […]