Content about Bookselling

November 18, 2011
Half Price Books on Upward Track

At a time when many bookstores, independents and chains, are struggling, Half Price Books remains on an upward trajectory, adding stores and expanding into new markets. The company opened its first store in 1972 in a converted, 1,000-sq.-ft. laundromat in Dallas, and now operates 113 stores across 16 states. It is the largest family-owned new and used bookstore chain in the United States.

September 20, 2011
Barnes & Noble announces Hart-Scott-Rodino approval of Liberty Media investment

Barnes & Noble said Tuesday that the FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Act, allowing investor Liberty Media to move forward with its stock purchase in the bookseller.

New York City -- Barnes & Noble said Tuesday that the FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Act, allowing investor Liberty Media to move forward with its stock purchase in the bookseller.

Barnes & Noble announced on Aug. 18 that Liberty Media invested an aggregate of $204 million in the company through the purchase of newly issued convertible preferred stock, totaling a 16.6% interest in Barnes and Noble.

August 31, 2011
Joseph-Beth Booksellers to implement Jesta I.S. Vision Suite

Jesta I.S., a supplier of enterprise business solutions for retailers, manufacturers and distributors in the apparel, footwear and specialty industries worldwide, announced Wednesday that Joseph-Beth Booksellers has selected Jesta I.S. solutions to power its business operations.

New York City -- Jesta I.S., a supplier of enterprise business solutions for retailers, manufacturers and distributors in the apparel, footwear and specialty industries worldwide, announced Wednesday that Joseph-Beth Booksellers has selected Jesta I.S. solutions to power its business operations.

Joseph-Beth Booksellers will implement the Jesta I.S. Vision Store, Vision Merchandising, Vision Planning, and Vision E-DOM, enabling the integration of all its information in a single solution.

July 26, 2011
Books-A-Million abandons bid to buy 30 Borders stores

Books-A-Million said late Monday that it was unable to put a deal together to acquire the leases and assets of 30 Borders bookstores out of bankruptcy.

Birmingham, Ala. -- Books-A-Million said late Monday that it was unable to put a deal together to acquire the leases and assets of 30 Borders bookstores out of bankruptcy.

"The company’s efforts to secure the inventory, fixtures, equipment and leasehold interests for 30 Borders stores has ended unsuccessfully because the parties could not agree on terms and the going out of business sales at these locations commenced," Clyde B. Anderson, Books-A-Million CEO, said.

July 22, 2011
Books-A-Million makes offer for 30 Borders stores

Books-A-Million confirmed it has submitted a bid to purchase, among other things, the inventory, fixtures, equipment, and leasehold interests for 30 Borders locations.

Birmingham, Ala. -- Books-A-Million confirmed it has submitted a bid to purchase, among other things, the inventory, fixtures, equipment, and leasehold interests for 30 Borders locations. Under the proposed bid, Books-A-Million will assume the leases for these locations and continue to operate these stores. The move comes as Borders Group, after winning court approval, begins to liquidate its business.

July 21, 2011
New Column Entry: Turning the page on bookstores

To plug the widening book seller gap, who are you going to call? Chain Store Age columnist Jeff Green offers a few ideas of his own for filling the category chasm created by Borders' liquidation and Barnes & Noble contractions.

To plug the widening book seller gap, who are you going to call?  Chain Store Age columnist Jeff Green offers a few ideas of his own for filling the category chasm created by Borders' liquidation and Barnes & Noble contractions. 

Check out Jeff's newest column, "Turning the Page on Bookstores," on our real estate community site, under Retail Rap with Jeff Green, chainstoreage.com/community.

November 30, 2010
Barnes & Noble narrows loss, misses Street

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%.

June 17, 2010
Borders CFO takes on COO duties

Borders Group CFO Mark Bierley is taking on the additional role of COO....

October 22, 2009
Report: Analysts warn shifts to e-reader could hurt booksellers

The shift from digital to physical books will ultimately hurt traditional brick-and-mortar booksellers, analysts said...

September 30, 2009
Barnes & Noble completes acquisition of college bookstore company

Barnes & Noble Wednesday completed the previously announced acquisition of privately held Barnes & Noble...

January 15, 2009
J.P. Morgan Upgrades Barnes & Noble to ‘Neutral’

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

November 3, 2008
B&N Warns Employees of Continued Tough Times

In a memo to company associates on Oct. 29, Leonard Riggio, chairman of Barnes &...

July 31, 2008
ATextbook Fulfillment Case

Back-to-school season occurs at least three times a year for Follett Higher Education Group....

May 21, 2008
Borders Group CEO Denies Sales Discussion

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