Content about Barnes & Noble Inc.

April 17, 2014

Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock.

New York -- Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock. After the sale, his holdings are expected to represent approximately 20% of Barnes & Noble’s common stock outstanding.

Riggio said the sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.

February 21, 2014

G Asset Management, LLC ("GAM"), a private investment management firm, has made a proposal to acquire 51% of Barnes & Noble Inc., valuing the company at $22 per share, or about $1.3 billion.

New York -- G Asset Management, LLC ("GAM"), a private investment management firm, has made a proposal to acquire 51% of Barnes & Noble Inc., valuing the company at $22 per share, or about $1.3 billion. This is a 10% increase on the $20 per share offer G Asset made for 51% of Barnes & Noble in November 2013.

January 8, 2014

Barnes & Noble, Inc. has appointed president Michael P. Huseby to CEO.

New York – Barnes & Noble, Inc. has appointed president Michael P. Huseby to CEO. Immediately, in his role, Huseby will be responsible for all of the company’s business units including Barnes & Noble Retail, Barnes & Noble College and Nook Media.

He will report to the board of directors and has been elected to serve on the board. Huseby joined Barnes & Noble as CFO in March 2012, and was promoted to president in July 2013.

January 7, 2014

Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Barnes & Noble, Inc. breached their fiduciary duties to shareholders.

New York -- Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Barnes & Noble, Inc. breached their fiduciary duties to shareholders.

December 6, 2013

Barnes & Noble Inc. said is cooperating with a U.S. Securities and Exchange Commission investigation into its accounting.

New York -- Barnes & Noble Inc. said is cooperating with a U.S. Securities and Exchange Commission investigation into its accounting.

The SEC notified the bookseller Oct. 16 that it was investigating the company's restatement of earnings announced in July.
 
The agency’s New York regional office also said it was looking into a former non-executive employee's allegation that the company improperly allocated certain expenses between its Nook e-reader and retail businesses.

October 30, 2013

Nook Media LLC, a subsidiary of Barnes & Noble, Inc., is releasing the new Nook GlowLight e-reader.

New York -- Nook Media LLC, a subsidiary of Barnes & Noble, Inc., is releasing the new Nook GlowLight e-reader.

At 6.2 ounces, it is the lightest Nook device ever, and new lighting technology light is evenly distributed, turns on instantly and adjusts with a touch. The built-in anti-glare screen on the re-engineered display offers what Barnes & Noble says is paper-like readability, even in bright sunlight.

October 14, 2013

Barnes & Noble, Inc. debuts a new bookstore on Oct. 16 at The Fountains at Farah in El Paso, Texas. Concurrently, the existing Eastside store will close.

New York -- Barnes & Noble, Inc. debuts a new bookstore on Oct. 16 at The Fountains at Farah in El Paso, Texas. Concurrently, the existing Eastside store will close.

September 25, 2013

Barnes & Noble, Inc. is offering Member Appreciation Days, a special savings event for new and current Barnes & Noble loyalty members.

New York – Barnes & Noble, Inc. is offering Member Appreciation Days, a special savings event for new and current Barnes & Noble loyalty members. Starting Sept. 26 through Sept. 29, members will receive a 20% in-store discount on products in Barnes & Noble stores nationwide including books, gifts, toys, games, movies, and café items.

Members already receive a 10% discount on most purchases, as well as 40% of hardcover books and online savings.

March 11, 2013

Barnes & Noble Inc. signed an employment agreement with CEO William Lynch to remain in his post for another two years, according to a filing with the U.S. Securities and Exchange Commission.

New York -- Barnes & Noble Inc. signed an employment agreement with CEO William Lynch to remain in his post for another two years, according to a filing with the U.S. Securities and Exchange Commission.

Lynch will receive the same compensation and benefits as before, but get an additional cash bonus of $1.8 million for his role in attracting investments from Microsoft Corp. and Pearson PLC in forming Nook Media LLC, according to a Reuters report.

June 13, 2012

Barnes & Noble Inc. founder and chairman Leonard Riggio agreed on Wednesday to forgo $29 million from a sale of one of his companies to the book retailer in order to settle a shareholder lawsuit, according to court documents, Reuters reported.

New York -- Barnes & Noble Inc. founder and chairman Leonard Riggio agreed on Wednesday to forgo $29 million from a sale of one of his companies to the book retailer in order to settle a shareholder lawsuit, according to court documents, Reuters reported.

The lawsuit goes back to a 2009 agreement by the chain to buy back Barnes & Noble College Booksellers Inc. for $514 million from Riggio.

May 2, 2012

On Monday, Barnes & Noble Inc. and Microsoft announced a strategic partnership in a new unnamed Barnes & Noble subsidiary that, for the time being, is being identified as Newco. Here some comments from retail consultant Maggie Gilliam (Gilliam Insights) on the new venture:

On Monday, Barnes & Noble Inc. and Microsoft announced a strategic partnership in a new unnamed Barnes & Noble subsidiary that, for the time being, is being identified as Newco. Here some comments from retail consultant Maggie Gilliam (Gilliam Insights) on the new venture:

March 12, 2012

Barnes & Noble Inc. said that it plans to expand an in-store pilot boutique from its current 10 units to 25.

New York City -- Barnes & Noble Inc. said Monday that it plans to expand an in-store pilot boutique from its current 10 units to 25.

The 200-sq.-ft. Penguin store-in-stores sell Penguin book titles and merchandise; the Penguin banner is owned by Pearson PLC.

“The sales have been incremental rather than cannibalizing Penguin sales elsewhere in the store because it’s a different experience,” John Makinson, CEO of Pearson PLC’s Penguin Group, told the Wall Street Journal.

January 4, 2012

A report in the Wall Street Journal said that Barnes & Noble Inc. has put its Sterling Publishing business up for sale.

New York City -- A Wednesday report in the Wall Street Journal said that Barnes & Noble Inc. has put its Sterling Publishing business up for sale.

Barnes & Noble acquired Sterling in 2003 for about $115 million.

November 30, 2010

Barnes & Noble Inc. reported Tuesday that it narrowed its loss to $12.6 million in its fiscal second quarter, compared with a loss of $24 million in the year-ago period. Results missed Wall Street expectations, and the book seller has issued a weak outlook for the third quarter and the full year.

New York - Barnes & Noble Inc. reported Tuesday that it narrowed its loss to $12.6 million in its fiscal second quarter, compared with a loss of $24 million in the year-ago period. Results missed Wall Street expectations, and the book seller has issued a weak outlook for the third quarter and the full year.

Revenue surged 64% to $1.91 billion, attributed to the company’s acquisition of its college book unit. Without the acquisition, sales rose 1%.

Same-store sales fell 3.3%.

July 11, 2010

The chairman of Barnes & Noble Inc., Leonard Riggio, testified Friday that the poison pill...

January 15, 2009

J.P. Morgan analysts, seeing opportunity for Barnes & Noble Inc. amid the tumult in bookselling,...

August 20, 2008

The CEO of Barnes & Noble Inc.’s online business has resigned. Barnes & Noble said...

July 31, 2008

The old college bookstore, which traditionally sold everything from textbooks to logo sweatshirts to...

May 26, 2008

Borders Group is jumping back into online retailing with a Web site after a seven-year...

May 21, 2008

Borders Group Inc. has not had substantial discussions regarding a possible sale of the bookseller...

January 4, 2006

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November 16, 2005

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March 23, 2005

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