J.D. Salinger’s Death Sparks e-Run on ‘Catcher in the Rye’
Jan 28, 2010 Object
It happens all the time: An author/musician/actor dies, and sales of his most famous book/album/film immediately go through the roof. In the case of J.D. Salinger’s passing Thursday, we were able to quantify and track the “death effect” in real time thanks to the sales rank feature on Amazon.com and Barnesandnoble.com.
Continue reading J.D. Salinger’s Death Sparks e-Run on ‘Catcher in the Rye’
J.D. Salinger’s Death Sparks e-Run on ‘Catcher in the Rye’ originally appeared on DailyFinance on Thu, 28 Jan 2010 18:45:00.
Filed Under: People, Media, Amazon.com Inc.
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J.D. Salinger’s Death Sparks e-Run on ‘Catcher in the Rye’
Tags: actor-dies, amazon, amazoncom-inc, barnesandnoble, catcher in the rye, catcherintherye, death, death-effect, death-sparks, img-vspace, j.d.salinger, rank-feature, sales, through-the, time
Borders Reports More Bad News on Holiday Earnings
Breaking with tradition — and its competitors — Borders’s (BGP) newest earnings report expands the definition of its holiday season to extend from November 1 to January 16. But the extra two weeks can’t hide yet more dismal news. The bookstore chain’s sales for the 11-week period were $649.2 million: a 14.7% drop from last year. Comparable store sales dropped 14.6%. The news improves a little bit, once the bottomed-out multimedia and DVD market is taken into account — with “only” a 10.9% drop.
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Borders Reports More Bad News on Holiday Earnings originally appeared on DailyFinance on Tue, 19 Jan 2010 10:54:00.
Filed Under: Company News, Earnings, Media, Retail
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Borders Reports More Bad News on Holiday Earnings
Tags: amazoncom-inc, america, bamm, barnesandnoble, books a million, economic, holiday, holiday earnings, multimedia-and, newest-earnings, scott-brown, with-tradition
Bookstore Holiday Sales Lag Behind Overall Retail Picture
With the holidays behind us, and customers redeeming their gift cards, big-box bookstores are taking stock of how they fared, compared with the overall positive holiday retail sales picture. For Barnes & Noble (BKS), the holiday period was not a happy one. The store reported in yesterday’s release that store sales of $1.1 billion for the nine weeks between November 1 and January 2, a 5% decrease over that period a year ago, with comparable store sales decreasing 5.4%. The news prompted B&N to lower its guidance on earnings for the full quarter from $1.30 to $1.50 a share to $1.20 to $1.40 a share.
Continue reading Bookstore Holiday Sales Lag Behind Overall Retail Picture
Bookstore Holiday Sales Lag Behind Overall Retail Picture originally appeared on DailyFinance on Fri, 08 Jan 2010 16:25:00.
Filed Under: Company News, Earnings, Media
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Bookstore Holiday Sales Lag Behind Overall Retail Picture
Tags: a-happy-one-, a-year-ago, bamm, barnesandnoble, behind-overall, books a million, decreasing-5-4, holiday-retail, holidays, media, news-prompted
Borders will axe 200 Waldenbooks stores, 1,500 jobs
Filed under: Company News, Media
Borders (BGP) announced Thursday afternoon that it will close it will close 200 of its WaldenBooks stores by early January, cutting as many as 1,500 jobs, most of them part-time. The move is intended as part of Borders’s ongoing plan to streamline costs and find its way out of a money pit that’s plagued it for years and led to a flurry of executive shuffles.
The shutdown will leave 130 of the mall-based WaldenBooks stores in operation; 45 branches had closed since the end of May.
“We believe there remains an opportunity to profitably operate a much smaller Waldenbooks segment that complements our core Borders superstore business and continues to serve readers in their communities,” Borders CEO Ron Marshall said in a statement. The closings, he said, “will reduce the number of stores with operating losses, reduce our overall rent expense and lease-adjusted leverage, and generate cash flow through sales and working capital reductions.”
The move comes as Barnes & Noble (BKS) prepares to shutter all but two of its smaller, mall-based B. Dalton stores by January, signaling the last nail in the 1980s-era heyday of shopping-mall retail for book chains. But mostly, it’s further indication of Borders’s ongoing financial struggles: the company almost lost its place on the NYSE this year. Its stock rose 1.44% to $2.11 per share in trading today.
Borders will axe 200 Waldenbooks stores, 1,500 jobs originally appeared on DailyFinance on Thu, 05 Nov 2009 17:40:00 EST. Please see our terms for use of feeds.
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Borders will axe 200 Waldenbooks stores, 1,500 jobs
Tags: a-much-smaller, barnes and noble, barnesandnoble, bookstores, borders, comes-as-barnes, indication, net-interest, retail, shopping malls, shoppingmalls, the-mall-based, trading-today-, waldenbooks
Kindle, you’ve got more company: eReader market heats up
Sep 23, 2009 Object
Filed under: Microsoft, Amazon.com, Inc.
Verizon (VZ) unveiled a new eReader from iRex Technologies to be sold in tandem with mega-retailer Best Buy (BBY). And details of Microsoft’s (MSFT) upcoming Courier eReader and tablet device leaked. Sony (SNE) also recently announced an eReader that I declared might be a Kindle killer. With an Apple (AAPL) eReader, likely to be called the iReader, waiting in the wings, this appears to be the hottest category in the consumer electronics landscape in the upcoming holiday season and beyond into 2010.
Tech analysis firm iSuppli is predicting the eReader market will grow more than 500 percent in 2009, from roughly 1 million units sold in 2008 to more than 5 million in 2009. The big dog in that game remains Amazon (AMZN), which has raced to the head of the pack with its well-liked Kindle product lineup. The tight integration of Kindle with the online Amazon bookstore has been a huge benefit. Amazon already has the existing infrastructure needed to sell ebooks, saving it from having to build it out from scratch. The growth of this market, however, suggests there is a qualitative difference between consuming content on a standard computer or laptop LCD screen.
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Kindle, you’ve got more company: eReader market heats up originally appeared on DailyFinance on Wed, 23 Sep 2009 19:00:00 EST. Please see our terms for use of feeds.
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Kindle, you’ve got more company: eReader market heats up
Tags: barnesandnoble, best buy, consumer, entry, kindle, microsoft, saving-it-from, upcoming, verizon
