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(Deadline)   Barnes & Noble's stock slides 6.5% after posting dismal Q2 earnings. Book it. Done   (deadline.com) divider line 50
    More: Followup, Barnes & Noble, account of profits, nook, open questions, Undercover Boss  
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560 clicks; posted to Business » on 29 Nov 2012 at 2:42 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-29 12:32:05 PM  
The CEO of B&N has a huge place in Bridgehampton. Just off main. It's huge.

That's it. Alls I gots.
 
2012-11-29 01:06:00 PM  
reported net income of $2.2M for the quarter ending in October - up from a $6.6M loss a year ago - on revenues of $1.88B, -0.4%.

Yes. Totally dismal, subby.
 
2012-11-29 01:35:01 PM  
They've been downgraded to Barnes & Merchant Class'.
 
2012-11-29 02:08:02 PM  

Sybarite: They've been downgraded to Barnes & Merchant Class'.


I chuckled.
 
2012-11-29 02:10:22 PM  
If the Justice Department wins their anti-trust suit, B&N will be out of business is three years.
 
2012-11-29 02:26:33 PM  
They just announced the closing of the store near me. Inevitable, but still sucks.
 
2012-11-29 02:40:39 PM  

olddeegee: They just announced the closing of the store near me. Inevitable, but still sucks.


Ditto, though the store they're closing is almost uselessly small.
 
2012-11-29 02:59:11 PM  
Their selection sucks these days. It's pathetic when the bible section is bigger than the sci-fi section. It's really pathetic that the manga section is almost as large as the software manual section.
 
2012-11-29 03:00:20 PM  
It would depress me terribly if we lost another big bookstore chain. There's a B&N across the street from me office, and I'm in there probably three times a week buying stuff.

No DRM with paper books.
 
2012-11-29 03:01:56 PM  

TheBeastOfYuccaFlats: olddeegee: They just announced the closing of the store near me. Inevitable, but still sucks.

Ditto, though the store they're closing is almost uselessly small.


Worked for 4 years (in college) for one here in Atlanta that closed recently.

I was really sad to see it go.
 
2012-11-29 03:07:17 PM  
Brick and Mortar book stores closing makes me sad.
 
2012-11-29 03:22:14 PM  

dr.zaeus: TheBeastOfYuccaFlats: olddeegee: They just announced the closing of the store near me. Inevitable, but still sucks.

Ditto, though the store they're closing is almost uselessly small.

Worked for 4 years (in college) for one here in Atlanta that closed recently.

I was really sad to see it go.


They took over bookstore operations for the two community colleges near me about a year ago.
 
2012-11-29 03:22:31 PM  
They did it all for the Nookie.
 
2012-11-29 03:26:49 PM  
my wife bought a Nook tablet. Nice, but she never uses it, expects me to learn it for her
 
2012-11-29 03:26:56 PM  

pudding7: It would depress me terribly if we lost another big bookstore chain. There's a B&N across the street from me office, and I'm in there probably three times a week buying stuff.

No DRM with paper books.


Can you email me a copy of your latest purchase?
 
2012-11-29 03:44:48 PM  
So are there any companies out there where announcing a Microsoft partnership wasn't the business equivalent of "Il bacio della morte"?
 
2012-11-29 04:10:50 PM  

The English Major: dr.zaeus: TheBeastOfYuccaFlats: olddeegee:

They took over bookstore operations for the two community colleges near me about a year ago.


They run the bookstore (very nice, brand new as of last year) at my university, as well as the two convenience stores on campus, one near family housing and the other in the middle of campus. Freakin gougers they are.
I think the also run the bookstores at the 4 affiliated community colleges, but I'm not totally certain on that one.
 
2012-11-29 04:14:56 PM  
www.portage.k12.wi.us

I got quite a few personal pan pizzas back in elementary school through Book-It!
 
2012-11-29 04:40:41 PM  
I haven't been to one in forever.
 
2012-11-29 04:51:37 PM  

Smeggy Smurf: Their selection sucks these days. It's pathetic when the bible section is bigger than the sci-fi section. It's really pathetic that the manga section is almost as large as the software manual section.


Think you just described my store.
 
2012-11-29 05:18:02 PM  

StrikitRich: Smeggy Smurf: Their selection sucks these days. It's pathetic when the bible section is bigger than the sci-fi section. It's really pathetic that the manga section is almost as large as the software manual section.

Think you just described my store.


Described the closest one to me too.
 
2012-11-29 06:19:17 PM  
Still got my first generation SimpleNook that works just as well as the day I bought it 4 years ago, about 2,000 epubs loaded on my MicroSD expansion, and 3 backup battery replacements I bought dirt cheap from an online 3rd party. I'm good for a while ... say, 40 years or so.
 
2012-11-29 08:37:19 PM  
encrypted-tbn2.gstatic.com

You're next Barney Noble. Ask them what happened after they pissed me off.
 
2012-11-29 09:36:41 PM  
As many books as I read on smartphones and tablets, I miss the days of going through a bookstore to browse and buy. Wonder if any Farkers remember the Waterstones Bookstore that used to be on Exeter Street in Boston. The biggest bookstore I ever saw and they had everything. they even had a great audiobook section. That was sad when they closed.
 
2012-11-29 10:33:18 PM  
Hope Powell's Books in Portland, OR stays solvent. I really like my Kindle for the portability, but the act of browsing through a bookstore and discovering new things to read can't really be replicated online, IMHO.

Some of the genres I like to read aren't published much in e-book form (yet)
 
2012-11-29 10:50:42 PM  
Where will my grandma find Netscape for Dummies?
 
2012-11-29 11:18:16 PM  

fo_sho!: pudding7: It would depress me terribly if we lost another big bookstore chain. There's a B&N across the street from me office, and I'm in there probably three times a week buying stuff.

No DRM with paper books.

Can you email me a copy of your latest purchase?


I don't get it.
 
2012-11-30 12:30:43 AM  
Maybe if I didn't have to pay $25-30 for a book, I could help you out, B&N. As it stands right now, fark you.

/book fairs and used books FTW
 
2012-11-30 01:42:19 AM  
They just had a 50% off sale on their criterion dvds. Sure, it's 50% off their marked-up price, but it still ended up being a savings. Picked up dozens of em.
 
2012-11-30 02:18:24 AM  
They need to focus on reducing their square footage and compressing their stock into a smaller place.

I'm always struck by how empty their stores feel.
 
2012-11-30 04:47:40 AM  

un4gvn666: Maybe if I didn't have to pay $25-30 for a book, I could help you out, B&N. As it stands right now, fark you.

/book fairs and used books FTW


Pretty much this. When I can buy the same book on Amazon for half what they want to gouge me for, well I don't mind waiting a week for shipping.
 
2012-11-30 04:49:59 AM  
Big box book shops are depressing because at this point I think they have more pens and decorative notebooks than actual books.

//fark you, Indigo.
 
2012-11-30 07:05:47 AM  

impaler: Brick and Mortar book stores closing makes me sad.


It gives me a sad too. I suspect with the loss of B&N and Borders, small local bookstores will start springing up again. The thought of that happening gives me a happy.
 
2012-11-30 07:17:29 AM  

Muta: impaler: Brick and Mortar book stores closing makes me sad.

It gives me a sad too. I suspect with the loss of B&N and Borders, small local bookstores will start springing up again. The thought of that happening gives me a happy.


Whilst it's a pleasing thought I must add a dose of Debbie Downer reality to it. Most of these stores are on high streets, in shopping arcades and the like... that is some pretty expensive rent right there. An ikkle local bookshop probably couldn't afford to be there for any length of time unless they were doing a constant roaring trade.

More likely the property will become a bookies, 'arcade' (i.e. gambling machines), charity shop or remain vacant.
 
2012-11-30 08:50:48 AM  
The BN near me closed and was turned into a Harbor Frieght.

/cheap Chinese tools FTW
//do miss parusing the books and music
 
2012-11-30 09:17:34 AM  
Local B&N did a fundraising evening for the school.
Gave up floor space for kids crafts, facepainting, pictures, etc.
The parking lot was FULL on a dreary Thurs. night.

Brick and Mortars need to do more of this.
It does not matter if you are part of a national chain.
Connect with your local community to drive business into the store and off Amazon.
 
2012-11-30 09:32:42 AM  

The All-Powerful Atheismo: They just had a 50% off sale on their criterion dvds. Sure, it's 50% off their marked-up price, but it still ended up being a savings. Picked up dozens of em.


I think Hulu now has the full set collection as it stands. At least a hundred+. Makes it hard for me to justify the $15, $20.
 
2012-11-30 09:38:38 AM  

pudding7: No DRM with paper books.


I'm shocked your analog device doesn't have digital rights management... When it comes analog books, the physical form factor IS the rights management.
Meanwhile, if the DRM on my ebooks bothers me I can strip it out in a couple of seconds.
 
2012-11-30 10:22:40 AM  

Smeggy Smurf: Their selection sucks these days. It's pathetic when the bible section is bigger than the sci-fi section.



That's right, the word of God, which let me tell you, there is damn good money in during these times of woe and want. People are lookin' for answers and Big Dan sells the only book that's got 'em.
 
2012-11-30 11:30:58 AM  

evilmrsock: The All-Powerful Atheismo: They just had a 50% off sale on their criterion dvds. Sure, it's 50% off their marked-up price, but it still ended up being a savings. Picked up dozens of em.

I think Hulu now has the full set collection as it stands. At least a hundred+. Makes it hard for me to justify the $15, $20.


I like owning the physical product, especially for some of their better made editions with the expansive inserts.
 
2012-11-30 11:44:23 AM  

Gunny Walker: Smeggy Smurf: Their selection sucks these days. It's pathetic when the bible section is bigger than the sci-fi section.


That's right, the word of God, which let me tell you, there is damn good money in during these times of woe and want. People are lookin' for answers and Big Dan sells the only book that's got 'em.


+1 internets to you good sir
 
2012-11-30 11:52:04 AM  

The All-Powerful Atheismo: I like owning the physical product, especially for some of their better made editions with the expansive inserts.


You're thinking about it in a weird way. The product is data. It's a movie. The physical package is just the medium. I think what you really like is having the reassurance that you could access that data any time you want. Physical media comes and goes. Next time, I'd suggest you just download the movie and back it up. All the security, none of the cost.
 
2012-11-30 12:13:34 PM  

Honest Bender: The All-Powerful Atheismo: I like owning the physical product, especially for some of their better made editions with the expansive inserts.

You're thinking about it in a weird way. The product is data. It's a movie. The physical package is just the medium. I think what you really like is having the reassurance that you could access that data any time you want. Physical media comes and goes. Next time, I'd suggest you just download the movie and back it up. All the security, none of the cost.


No, the case comes with inserts and interviews that aren't found on the disc.
 
2012-11-30 02:41:55 PM  
I have not been inside a Borders/Barnes & Noble type store in at least 2 years. And that last time was to grab a Starbucks coffee, not a book.

1. I buy almost all books in e-format now
2. The books I buy in paper (some books need to be on my bookshelf in case of the apocalypse), I buy used on half.com or similar for pennies on the dollar.
 
2012-11-30 04:01:49 PM  

skinink: As many books as I read on smartphones and tablets, I miss the days of going through a bookstore to browse and buy. Wonder if any Farkers remember the Waterstones Bookstore that used to be on Exeter Street in Boston. The biggest bookstore I ever saw and they had everything. they even had a great audiobook section. That was sad when they closed.


I'll see your Waterstones on Execter and raise you Ave. de VIctor Hugo on Newbury St..

/at least the New England Mobile Book Fair is still in business, right?
//does BPL still do book sales every month?
 
2012-11-30 04:04:42 PM  

Forbidden Doughnut: Hope Powell's Books in Portland, OR stays solvent. I really like my Kindle for the portability, but the act of browsing through a bookstore and discovering new things to read can't really be replicated online, IMHO.

Some of the genres I like to read aren't published much in e-book form (yet)


Just hit them last month (fist, angry God, etc...) If you're part of Librarything.com, their Secret Santa thing this year involves the chance to specify you'd like your books bought from Powell's. It's their online site, but I'm happy to still throw some money their way.

/also have a Kindle
//I don't need a tablet and it's great for cheap books to read I don't want to pack every time I move
 
2012-11-30 04:06:39 PM  

ethernet76: They need to focus on reducing their square footage and compressing their stock into a smaller place.

I'm always struck by how empty their stores feel.


Or go the Joseph Beth route and switch to 70% books, 30% over-priced home decor.

/still miss the Cleveland Jo-Beth
//both of them
 
2012-11-30 04:11:36 PM  

Optimus Primate: I have not been inside a Borders/Barnes & Noble type store in at least 2 years. And that last time was to grab a Starbucks coffee, not a book.

1. I buy almost all books in e-format now
2. The books I buy in paper (some books need to be on my bookshelf in case of the apocalypse), I buy used on half.com or similar for pennies on the dollar.


I still can't stand e-books, and I love wandering bookstores. If you have a specific book in mind, sure, online is easy, but picking up and flipping through stuff in bookstores is how you discover new things. And it doesn't have to be expensive- the typical book stays in print for about a year these days. At the end of that year, guess where you find remaining copies? The bargain bin near the register. New, still fairly recently released hardcovers, pretty much universally under $10. Browsing for used books can be even better though- older, out of print stuff that may still be incredibly interesting, and for just a few bucks a pop.

I'm still a patron of brick and mortar bookstores, and anticipate being one for a long time. Barnes and Noble isn't going to die- they're the only one left.
 
2012-11-30 04:41:30 PM  

cptjeff: Optimus Primate: I have not been inside a Borders/Barnes & Noble type store in at least 2 years. And that last time was to grab a Starbucks coffee, not a book.

1. I buy almost all books in e-format now
2. The books I buy in paper (some books need to be on my bookshelf in case of the apocalypse), I buy used on half.com or similar for pennies on the dollar.

I still can't stand e-books.


I used to say this same thing until I got the 'Autobiography of Mark Twain' on ebook. The book is impossible to carry around, a nightmare to read in bed, etc (it's over a thousand pages and 5+ pounds). It was then that the real helpfulness of ebooks hit me. I could read it with one hand while in the checkout line at the grocery store!! Never looked back.

I am often reading 2-3 books at the same time (I read a LOT). Being able to carry my entire library in my jacket pocket is a priceless benefit. I actually read MORE (double, at least) than when I was paper-only.

I travel often for work, and would always end up in that awkward spot where I'd finish one book on the trip, and have to buy a new one while on the road. Non-issue now with my library in one location.

Downloaded the entire Dickens e-library for free the other day. The entire library...free. (He is my favorite author)

Yep...I am a fan.
 
2012-11-30 05:09:34 PM  

Optimus Primate: cptjeff: Optimus Primate: I have not been inside a Borders/Barnes & Noble type store in at least 2 years. And that last time was to grab a Starbucks coffee, not a book.

1. I buy almost all books in e-format now
2. The books I buy in paper (some books need to be on my bookshelf in case of the apocalypse), I buy used on half.com or similar for pennies on the dollar.

I still can't stand e-books.

I used to say this same thing until I got the 'Autobiography of Mark Twain' on ebook. The book is impossible to carry around, a nightmare to read in bed, etc (it's over a thousand pages and 5+ pounds). It was then that the real helpfulness of ebooks hit me. I could read it with one hand while in the checkout line at the grocery store!! Never looked back.

I am often reading 2-3 books at the same time (I read a LOT). Being able to carry my entire library in my jacket pocket is a priceless benefit. I actually read MORE (double, at least) than when I was paper-only.

I travel often for work, and would always end up in that awkward spot where I'd finish one book on the trip, and have to buy a new one while on the road. Non-issue now with my library in one location.

Downloaded the entire Dickens e-library for free the other day. The entire library...free. (He is my favorite author)

Yep...I am a fan.


I understand the attraction- I was lugging a copy of A Thousand Days around over thanksgiving. but for actual reading, I just like the feel of a real book, having the text spread out over two pages at once, easily being able to flip through and find something (if you want to jump back to a previous page to go back to the first mention of something you're confused by several chapters later for clarification, it's a massive headache in an ebook, but a breeze with good old paper), being able to jot stuff in the margin, not worrying about power or straining your eyes (dedicated readers address parts of those, depending on which you get). Portability and access to lot of stuff fast is indeed a big bonus, but just not enough for me. I've played around with kindles, I've read some stuff on my phone (and back in the day, Moby Dick on a palm pilot), and I just can't get into it. I like the electronic format for news, I'm liable to walk into things on occasion while reading something from the Times on my phone. I occasionally dip into Shakespeare. But never again am I reading a 600 page book on a computer screen.
 
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