Barnes & Noble Inc.
Barnes & Noble laid off its Nook hardware engineers, according to a source that tipped Business Insider. The engineers were let go last Thursday, according to our source. This follows Barnes & Noble dismissing the VP of Hardware, Bill Saperstein in January.
Barnes & Noble confirmed that it laid people off when we asked. A spokesperson told us:
Back in July of last year, Barnes & Noble announced that its former CEO, William Lynch, was to resign immediately. The resignation set off a huge executive shuffle with Michael P. Huseby being named CEO of Nook Media and President of Barnes & Noble. The board must have liked Huseby's work as he's now been promoted.
Barnes & Noble announced this morning that it has a new CEO in Huseby. He will assume the role immediately and be "responsible for all of the company's business units including Barnes & Noble Retail,
As we look toward 2014, the major question to be answered is the future of Barnes & Noble. If you think that the publishing world would be just fine without Barnes & Noble, you'd be wrong. When Borders closed its doors, there was a decline in overall sales of books that was not recaptured by either digital sales, online sales or physical retailers. Borders was only the fraction of the size of Barnes & Noble so you can imagine the shrinkage that would occur should Barnes & Noble disappear from the retail landscape.
Big chains like B&N aren't the only booksellers looking forward to a post-Thanksgiving splurge. Independent bookstores look for a good showing on November 30th, dubbed Small Business Saturday, and have enlisted hundreds of authors to up foot traffic in their stores.
Barnes & Noble (NYSE:BKS) has unveiled a new ad campaign starring 30 Rock actor Jack McBrayer to push the book chain as a holiday shopping destination with something for everyone, and promote the new Nook GlowLight e-reader.
In an announcement, Barnes & Noble unveiled its "It All Happens At Barnes & Noble" TV ad campaign starring the charismatic and recognizable actor. The ads feature McBrayer shopping at Barnes & Noble for all of the people on his holiday shopping list, showing that at Barnes & Noble shoppers can find something for everyone.
The abrupt resignation of the CEO of Barnes & Noble is raising questions about the future of the only remaining national bookstore chain in a digital age.
Is there a future for a Nook-nicked Barnes & Noble? The retailer’s plan to stop making its Nook color tablets revived questions about the long-term viability of the last remaining national bookseller that’s been feverishly trying to reinvent itself amid game changing Amazon.com AMZN +0.35%.
On Tuesday, the embattled baby changing station Barnes & Noble released its quarterly report and announced that it would no longer produce the Zune Nook tablet in house. And, while the Zune Nook’s catastrophic failure has rightfully received a great deal of attention over the last few days, there were a number of other uncomfortable and unfortunate truths in the report, including that Barnes & Noble is maybe not that good at selling books anymore, either (though it is still better at selling books than it is at selling tablets)
As diabetes drug maker Novo Nordisk and retailer Target become the latest companies to distance themselves from Paula Deen, her recipes are still number one y'all.
Fans have ensured the embattled chef's upcoming book, “Paula Deen’s New Testament: 250 Favorite Recipes, All Lightened Up,” is already a best seller.
The tome has reached the number one spot on Amazon's best sellers list and is currently second on Barnes & Noble's Top 100 list. Huge interest for a book that's not scheduled to be released until October 15.
Barnes & Noble's tablet experiment is over. Here are the features others should steal (or already have).
Unfortunately for Barnes & Noble, its Nook readers and tablets just haven't been the home run the struggling bookseller had hoped, a hard truth that became clear when the company reported a $118.6 million net loss for its fiscal fourth quarter this week.
"It's no secret the HD and HD+ didn't quite meet our expectations in terms of sales," Stephane Maes, Barnes & Noble (BKS) VP of product, told Fortune this May.