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Barnes & Noble pulls back from Nook business as sales fall
2013-06-25 16:05:00| Telecompaper Headlines
(Telecompaper) US retailer Barnes & Noble has announced plans to scale back its Nook e-reader and tablets business after growing losses in its latest quarterly report. The company took a USD 18.3 million impairment charge on the activities in the fiscal fourth quarter to April, after Nook sales fell 34 percent year-on-year to USD 108 million. EBITDA losses from the activities swelled to USD 177 million from USD 77 million a year ago, including USD 133 million in inventory write-downs. The company said it will continue to design e-reader products based on its Simple Touch and Glowlight platforms, but pursue a partnership with a consumer electronics company for the manufacturing of tablets. It will sell off its remaining inventory of Nook devices before launching a new range of co-branded products. It will also continue to grow its offering of e-books and Nook apps.
Tags: back
business
sales
fall
Barnes & Noble to farm out Nook tablet business as losses mount
2013-06-25 15:16:06| CNET News.com
B&N will shift manufacturing of its Nook tablet lineup to a third party and co-brand the tablets with that as-yet unnamed company. [Read more]
Tags: business
farm
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losses
Deep discounts on Nook tablets may have Windows tie-in
2013-06-18 16:52:02| InfoWorld: Top News
In a move reminiscent of Microsoft's ongoing Surface fire sale, Barnes & Noble has chopped from 35 percent to almost 45 percent off th
Tags: windows
deep
discounts
tablets
Nook tablet discounts extend beyond Father's Day
2013-06-17 15:15:10| CNET News.com
The Father's Day promotion by Barnes & Noble for the Nook HD and Nook HD+ will continue, at least for a limited time. [Read more]
Tags: day
extend
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tablet
Barnes & Noble slashes Nook HD prices for one week
2013-06-10 14:11:59| CNET News.com
The Father's Day deals are even better than they were leading up to Mother's Day, with the Nook HD at $129 and the Nook HD+ at $149. [Read more]
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