Register Guidelines E-Books Search Today's Posts Mark Forums Read

Go Back   MobileRead Forums > E-Book General > News

Notices

Reply
 
Thread Tools Search this Thread
Old 10-04-2018, 08:00 PM   #1
tas03
Zealot
tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.tas03 's soul has travelled the oceans between the stars.
 
Posts: 128
Karma: 129368
Join Date: Feb 2017
Device: Nook Glowlight +, Nook Tab. , Nook Simple Touch, iPad Air, iPhone 6Se
B & N selling itself to stay afloat.

I wasn't sure whether to post this in News or in the B&N forum, but Axios.com is reporting in an article entitled The Last Big Bookstore this: "B&N announced yesterday that, after hearing acquisition interest from several parties, it has initiated a strategic review toward possibly selling itself to stay afloat. One bidder is founder Len Riggio, who owns 19% of the company but says he will follow the recommendation of an independent board appointed to handle the review. B&N's beleaguered shares soared as much as 21% on the news....For 14 years, B&N managed to hang on. But, after closing 90 of its 720 locations in the past seven years, often leaving areas of hundreds of thousands of people without a single major bookstore, it appears prepared to call it quits."
tas03 is offline   Reply With Quote
Old 10-04-2018, 09:25 PM   #2
AnemicOak
Bookaholic
AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.AnemicOak ought to be getting tired of karma fortunes by now.
 
AnemicOak's Avatar
 
Posts: 14,391
Karma: 54969924
Join Date: Oct 2007
Location: Minnesota
Device: iPad Mini 4, AuraHD, iPhone XR +
Quote:
Explaining that it has received “expressions of interest from multiple parties in making an offer to acquire the company,” Barnes & Noble has announced the creation of a formal review process to evaluate the retailer’s strategic alternatives. Among the parties interested in making an offer for B&N is its founder and chairman, Leonard Riggio.

The formation of the review process comes after it was disclosed, in an August lawsuit by Demos Parneros, that a bid to buy the company had fallen through in June, as well as the news in September that an investor group led by Richard Schottenfeld had upped its stake in B&N to 6.9%. Schottenfeld is pushing B&N to find ways to increase shareholder value...
https://www.publishersweekly.com/pw/...ng-a-sale.html
AnemicOak is offline   Reply With Quote
Advert
Old 10-04-2018, 09:32 PM   #3
Nate the great
Sir Penguin of Edinburgh
Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.
 
Nate the great's Avatar
 
Posts: 12,375
Karma: 23555235
Join Date: Apr 2007
Location: DC Metro area
Device: Shake a stick plus 1
Quote:
Originally Posted by tas03 View Post
I wasn't sure whether to post this in News or in the B&N forum, but Axios.com is reporting in an article entitled The Last Big Bookstore this: "B&N announced yesterday that, after hearing acquisition interest from several parties, it has initiated a strategic review toward possibly selling itself to stay afloat. One bidder is founder Len Riggio, who owns 19% of the company but says he will follow the recommendation of an independent board appointed to handle the review. B&N's beleaguered shares soared as much as 21% on the news....For 14 years, B&N managed to hang on. But, after closing 90 of its 720 locations in the past seven years, often leaving areas of hundreds of thousands of people without a single major bookstore, it appears prepared to call it quits."
if you beleive B&N actually has serious buyers then I have a bridge I want to sell you
Nate the great is offline   Reply With Quote
Old 10-05-2018, 02:36 AM   #4
rhadin
Literacy = Understanding
rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.rhadin ought to be getting tired of karma fortunes by now.
 
rhadin's Avatar
 
Posts: 4,833
Karma: 59674358
Join Date: Dec 2007
Location: The World of Books
Device: Nook, Nook Tablet
Quote:
Originally Posted by Nate the great View Post
if you beleive B&N actually has serious buyers then I have a bridge I want to sell you
I don't know how "serious" the buyers are, but I do believe that B&N's problems begin and end with Riggio and if B&N had the right person in true charge, B&N would be very successful. B&N's problem is incompetent management.

Consider one example. I made this suggestion to Riggio and his executive staff several times over the past few years and it is still (supposedly) under consideration. It should have been implemented in weeks. There are many members who buy books regularly and even preorder books. Conversely, there are many members who do neither. But B&N has records of every purchase made by a member. What it should do, and doesn't do, is as soon as a book is listed as being preorderable, an email should go out to a member who has previously bought a book by that author saying that the next book is coming and you can preorder it by clicking here. B&N guarantees that as a member you will get at least a 20% discount and if the book is offered for a greater discount at anytime through the day of release, you will automatically get that lower price.

It's a simple thing to code (relatively speaking) and a smart move because preorders are generally guaranteed sales. Plus if the preorders are large enough a larger discount may be negotiable from the publisher. But B&N has not done this.

I have suggested many things that could increase sales but none have gotten further than "it will be considered".

It's poor management that is killing B&N. There is a great deal of potential will a little imagination. Not everyone is enamored with Amazon and ebooks are not the majority of the marketplace.
rhadin is offline   Reply With Quote
Old 10-05-2018, 07:25 AM   #5
fjtorres
Grand Sorcerer
fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.
 
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
There is still value in B&N assets and the sum of the value of these parts exceeds the value of the company as a whole, which is trending ever lower. This is why it is attracting external interest, probably from corporate raider types.

The board has its own plan for "raiding" the company and they don't want anybody muscling in on their action. Hence the poison pill.

Since the pill is nominally for a year only, one would expect the stock to soon fall to a level where Riggio can afford to buy out the rest of the board and take it private to loot at leisure.

He'll " leave it as he found it. "
fjtorres is offline   Reply With Quote
Advert
Old 10-05-2018, 08:01 AM   #6
Nate the great
Sir Penguin of Edinburgh
Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.Nate the great ought to be getting tired of karma fortunes by now.
 
Nate the great's Avatar
 
Posts: 12,375
Karma: 23555235
Join Date: Apr 2007
Location: DC Metro area
Device: Shake a stick plus 1
Quote:
Originally Posted by rhadin View Post
I don't know how "serious" the buyers are, but I do believe that B&N's problems begin and end with Riggio and if B&N had the right person in true charge, B&N would be very successful. B&N's problem is incompetent management.

Consider one example. I made this suggestion to Riggio and his executive staff several times over the past few years and it is still (supposedly) under consideration. It should have been implemented in weeks. There are many members who buy books regularly and even preorder books. Conversely, there are many members who do neither. But B&N has records of every purchase made by a member. What it should do, and doesn't do, is as soon as a book is listed as being preorderable, an email should go out to a member who has previously bought a book by that author saying that the next book is coming and you can preorder it by clicking here. B&N guarantees that as a member you will get at least a 20% discount and if the book is offered for a greater discount at anytime through the day of release, you will automatically get that lower price.

It's a simple thing to code (relatively speaking) and a smart move because preorders are generally guaranteed sales. Plus if the preorders are large enough a larger discount may be negotiable from the publisher. But B&N has not done this.

I have suggested many things that could increase sales but none have gotten further than "it will be considered".

It's poor management that is killing B&N. There is a great deal of potential will a little imagination. Not everyone is enamored with Amazon and ebooks are not the majority of the marketplace.
Yes, there is a brilliant business who could turn B&N around. (For example, Jeff Bezos could do it.)

But I can also tell you at least two things about this person. The first is that they can make a lot more money in just about any other company (where they don't have to deal with B&N's board). The second is that this person already approached B&N about becoming CEO, and was rejected.

No, the only people interested in buying B&N at this point are corporate raiders like this guy:
https://the-digital-reader.com/2018/...s-taxidermist/
Nate the great is offline   Reply With Quote
Old 10-05-2018, 01:06 PM   #7
kyrilson
Fanatic
kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.kyrilson ought to be getting tired of karma fortunes by now.
 
kyrilson's Avatar
 
Posts: 537
Karma: 13511506
Join Date: Apr 2013
Location: Cleveland, OH
Device: Voyage, Oasis, Kobo Glo HD,iPad Pro, Sony 350 and T2
There are so many things wrong with B&N's business model and I don't quite understand why they don't seem to have any common sense when it comes to a lot of their business practices. I remember one time I wanted to get a book and they had a better price online than in-store. They would not price match THEIR OWN WEBSITE. I found this to be highly amusing and self-destructive. I told the salesperson "Fine, I'll just buy it elsewhere" and I did. Little things like this are what made me move away from B&N as a regular stop.
kyrilson is offline   Reply With Quote
Old 10-05-2018, 02:17 PM   #8
olderTechnology
Member
olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.olderTechnology ought to be getting tired of karma fortunes by now.
 
Posts: 24
Karma: 3926764
Join Date: Oct 2005
Location: Texas
Device: Kindle Paperwhite
I wonder how many people like B&N enough to send them suggestions? I'm certainly one. As a homeschool dad, I can't calculate the massive benefits of having good bookstores nearby, that become a part of family life. A couple years ago I sent about seven well thought out suggestions to B&N (addressed to whoever was in charge at the time), like rhadin did. I didn't even get a reply.
olderTechnology is offline   Reply With Quote
Old 10-05-2018, 02:32 PM   #9
pwalker8
Grand Sorcerer
pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.
 
Posts: 7,195
Karma: 70314280
Join Date: Dec 2006
Location: Atlanta, GA
Device: iPad Pro, iPad mini, Kobo Aura, Amazon paperwhite, Sony PRS-T2
Quote:
Originally Posted by olderTechnology View Post
I wonder how many people like B&N enough to send them suggestions? I'm certainly one. As a homeschool dad, I can't calculate the massive benefits of having good bookstores nearby, that become a part of family life. A couple years ago I sent about seven well thought out suggestions to B&N (addressed to whoever was in charge at the time), like rhadin did. I didn't even get a reply.
I use to work at BellSouth.com a number of years ago. I would read the suggestions and complaints every so often for curiosity sake. It was hooked up to a database, but as far as I know, I was the only person who read it. Odds are pretty good that any suggestions you may have sent to anyone in charge where never read by that person. More likely they were tossed by the secretary who opened the envelop to see if was anything important.
pwalker8 is offline   Reply With Quote
Old 10-05-2018, 03:30 PM   #10
ZodWallop
Gentleman and scholar
ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.ZodWallop ought to be getting tired of karma fortunes by now.
 
ZodWallop's Avatar
 
Posts: 10,912
Karma: 106650939
Join Date: Jun 2015
Location: Space City, Texas
Device: Clara HD; Nook ST w/Glowlight, (2015) Glowlight Plus, Paperwhite 3
Quote:
Originally Posted by pwalker8 View Post
I use to work at BellSouth.com a number of years ago. I would read the suggestions and complaints every so often for curiosity sake. It was hooked up to a database, but as far as I know, I was the only person who read it. Odds are pretty good that any suggestions you may have sent to anyone in charge where never read by that person. More likely they were tossed by the secretary who opened the envelop to see if was anything important.
I emailed lriggio@bn.com to complain about the Glowlight 3's partitioned memory and got several phone calls back and they removed the partition.
ZodWallop is offline   Reply With Quote
Old 10-05-2018, 07:24 PM   #11
Tony1988
Guru
Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.Tony1988 ought to be getting tired of karma fortunes by now.
 
Posts: 711
Karma: 4033862
Join Date: Jun 2011
Device: sony prs-350
Well it is what it is. They will be gone within the next few years as well as Kmart/Sears. Time to move on. Retail was getting overcrowded even before Amazon and all this was predicted about 20-25 years ago. So this is just a process. The strong retailers will survive though.
Tony1988 is offline   Reply With Quote
Old 10-05-2018, 08:05 PM   #12
harriska2
Addict
harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.harriska2 ought to be getting tired of karma fortunes by now.
 
Posts: 272
Karma: 8000000
Join Date: Oct 2010
Location: Corvallis, OR
Device: Kindle PW2, iPad Pro
Man, if kmart goes away I’ll have to drive almost 20 miles to buy some of my things. We have a Fred Meyer (Kroger) but it’s so small it qualifies as a “Fred”.
harriska2 is offline   Reply With Quote
Old 10-06-2018, 12:25 AM   #13
Gardenman
Wizard
Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.Gardenman ought to be getting tired of karma fortunes by now.
 
Posts: 1,097
Karma: 9177222
Join Date: Oct 2010
Location: USA
Device: sony prs-350,Nook HD+, Kindle 2nd gen, kindle keyboard
My local B&N used to have a bunch of chairs where you could sit and read books. Last time I was there they had none.
Gardenman is offline   Reply With Quote
Old 10-06-2018, 11:31 AM   #14
crich70
Grand Sorcerer
crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.
 
crich70's Avatar
 
Posts: 11,306
Karma: 43993832
Join Date: Feb 2010
Location: Monroe Wisconsin
Device: K3, Kindle Paperwhite, Calibre, and Mobipocket for Pc (netbook)
Quote:
Originally Posted by rhadin View Post
I don't know how "serious" the buyers are, but I do believe that B&N's problems begin and end with Riggio and if B&N had the right person in true charge, B&N would be very successful. B&N's problem is incompetent management.

Consider one example. I made this suggestion to Riggio and his executive staff several times over the past few years and it is still (supposedly) under consideration. It should have been implemented in weeks. There are many members who buy books regularly and even preorder books. Conversely, there are many members who do neither. But B&N has records of every purchase made by a member. What it should do, and doesn't do, is as soon as a book is listed as being preorderable, an email should go out to a member who has previously bought a book by that author saying that the next book is coming and you can preorder it by clicking here. B&N guarantees that as a member you will get at least a 20% discount and if the book is offered for a greater discount at anytime through the day of release, you will automatically get that lower price.

It's a simple thing to code (relatively speaking) and a smart move because preorders are generally guaranteed sales. Plus if the preorders are large enough a larger discount may be negotiable from the publisher. But B&N has not done this.

I have suggested many things that could increase sales but none have gotten further than "it will be considered".

It's poor management that is killing B&N. There is a great deal of potential will a little imagination. Not everyone is enamored with Amazon and ebooks are not the majority of the marketplace.
Doesn't Amazon do something of the same sort with it's suggestions? And I know Smashwords sends out emails about a new release from author x as well. Doesn't makes sense that B&N wouldn't follow suit with something similar.
crich70 is offline   Reply With Quote
Old 10-06-2018, 11:35 AM   #15
crich70
Grand Sorcerer
crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.crich70 ought to be getting tired of karma fortunes by now.
 
crich70's Avatar
 
Posts: 11,306
Karma: 43993832
Join Date: Feb 2010
Location: Monroe Wisconsin
Device: K3, Kindle Paperwhite, Calibre, and Mobipocket for Pc (netbook)
Quote:
Originally Posted by Tony1988 View Post
Well it is what it is. They will be gone within the next few years as well as Kmart/Sears. Time to move on. Retail was getting overcrowded even before Amazon and all this was predicted about 20-25 years ago. So this is just a process. The strong retailers will survive though.
K-Mart was a big store when I was a child. They used to have one around here (Monroe Wisconsin) but that went out yrs ago. Now it's Wal-Mart and Shopko that are the big stores in my area. One of the problems with fewer choices is that it's harder to find a better deal than price x on a given item. Of course there is also online shopping but at least with shopping in the actual store you get some exercise while walking the aisles.
crich70 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Using pubit/selling with B&N outside the US? fiona86 Barnes & Noble NOOK 1 02-02-2012 01:13 PM
Classic B&N no longer selling ebooks! bgalbrecht Barnes & Noble NOOK 7 10-26-2010 05:43 PM
Do annotations & notes stay with book? bugeyed Sony Reader 1 07-13-2010 09:07 AM
B&N selling ePub is a sham! JSWolf Deals and Resources (No Self-Promotion or Affiliate Links) 10 04-05-2010 02:09 AM


All times are GMT -4. The time now is 07:37 AM.


MobileRead.com is a privately owned, operated and funded community.