SUBSCRIBE
SUBSCRIBE
EXPLORE +
  • About infoDOCKET
  • Academic Libraries on LJ
  • Research on LJ
  • News on LJ
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Libraries
    • Academic Libraries
    • Government Libraries
    • National Libraries
    • Public Libraries
  • Companies (Publishers/Vendors)
    • EBSCO
    • Elsevier
    • Ex Libris
    • Frontiers
    • Gale
    • PLOS
    • Scholastic
  • New Resources
    • Dashboards
    • Data Files
    • Digital Collections
    • Digital Preservation
    • Interactive Tools
    • Maps
    • Other
    • Podcasts
    • Productivity
  • New Research
    • Conference Presentations
    • Journal Articles
    • Lecture
    • New Issue
    • Reports
  • Topics
    • Archives & Special Collections
    • Associations & Organizations
    • Awards
    • Funding
    • Interviews
    • Jobs
    • Management & Leadership
    • News
    • Patrons & Users
    • Preservation
    • Profiles
    • Publishing
    • Roundup
    • Scholarly Communications
      • Open Access

June 25, 2013 by Gary Price

Barnes & Noble Will End Manufacturing Nook Tablets as Company Posts Large Quarterly Loss

June 25, 2013 by Gary Price

From CNET:

Barnes & Noble is taking its losses and running.
In a statement released Tuesday, the retailer revealed that it’s pulling out of its Nook tablet manufacturing business in the face of ongoing losses:

The company plans to significantly reduce losses in the Nook segment by limiting risks associated with manufacturing. Going forward, the company intends to continue to design eReading devices and reading platforms, while creating a partnership model for manufacturing in the competitive color tablet market. Thus, the widely popular lines of Simple Touch and Glowlight products will continue to be developed in house, and the company’s tablet line will be co-branded with yet to be announced third party manufacturers of consumer electronics products.

From paidContent:

Investors were expecting a bad earnings report from Barnes & Noble on Tuesday and they got it. The company’s revenues were down 7.4 percent compared to this time last year, to $1.3 billion, in the fourth quarter of fiscal year 2013, with a net loss of $118.6 million, or $2.11 per share. For the full fiscal year, revenues were down 4.1 percent to $6.8 billion, with net losses of $154.8 million, or $2.97 per share, compared to $65.6 million the previous year.

From Bloomberg:

Barnes & Noble Inc. (BKS), the U.S. bookstore chain that’s considering breaking itself up, posted a loss that was twice as wide as analysts estimated and said it would stop making tablets as the digital unit’s sales plummet.
[Clip]
Barnes & Noble has been trying to navigate readers’ shift away from paper books with its Nook brand of tablets and e-readers. After some success, growth stalled during the holidays, and the drop continued last quarter with revenue from the unit sinking 34 percent to $108 million. The division’s loss before interest, taxes, depreciation and amortization widened to $177 million from $77 million a year ago.
As part of its plan to improve results of its Nook unit, the company said it will stop manufacturing tablets and will instead use an unidentified partner that will be co-branded on the devices. The company will continue making e-readers on its own.

See Also: Full Text of Earnings News Release

The Retail segment, which consists of the Barnes & Noble bookstores and BN.com businesses, had revenues of $948 million for the quarter and $4.6 billion for the full year, decreasing 10.0% for the quarter and 5.9% for the fiscal year. The sales decreases were attributable to comparable store sales decreases of 8.8% for the quarter and 3.4% for the full year, store closures and lower online sales.
The College segment had revenues of $252 million for the quarter and $1.8 billion for the full year, increasing 10.7% for the quarter and 1.1% for the year, as compared to the prior year periods.
“Our Retail and College businesses delivered strong financial performances in fiscal year 2013,” said William Lynch, Chief Executive Officer of Barnes & Noble. “We are taking big steps to reduce the losses in the NOOK segment, as we move to a partner-centric model in tablets and reduce overhead costs. We plan to continue to innovate in the single purpose black-and-white eReader category, and the underpinning of our strategy remains the same today as it has since we first entered the digital market, which is to offer customers any digital book, magazine or newspaper, on any device.”

Filed under: Journal Articles, News

SHARE:

lj

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

ADVERTISEMENT

Archives

Job Zone

ADVERTISEMENT

Recent Articles on LJ

After the MLIS

Capitol Gains: ALA 2022 Preview

Proud Boys Disrupt Drag Queen Story Time at San Lorenzo Library

Dartmouth Repatriates Samson Occom Papers to Mohegan Tribe

Certified Sustainable | Sustainability

ADVERTISEMENT

Related Infodocket Posts

Committee on Publication Ethics (COPE) and STM Publish Research Report on Paper Mills

From a Committee on Publication Ethics Blog Post: COPE and STM undertook a study with Maverick Publishing Services, using data from publishers, to understand the scale of the problem of ...

"New Partners, New Projects and a New Nonprofit: RoRI Embarks on Its Next Five Years of Research on...

From the Research on Research Institute (RoRI): Today marks the start of RoRI’s Phase 2. With our international consortium of partners, we’re excited to launch another five years of generating, ...

Available Online For the First Time: Watergate Trial Records Digitized Ahead of Scandal's 50th Anniversary

From the National Archives and Records Administration: For the first time since the Watergate scandal broke nearly 50 years ago, the paper records, exhibits, and artifacts from the United States v. G. Gordon ...

New Data: "Nature Index Annual Tables 2022: China's Research Spending Pays Off"

From a Nature Article: Chinese research outputs enjoyed something of a boom last year. The performance of Jiangsu University is a good example. Its campus sits on the banks of ...

Conference Paper: "Does Open Access Really Increase Impact? A Large-Scale Randomized Analysis" (Preprint)

The paper (preprint) linked below will be presented at the 26th International Conference on Science and Technology Indicators (STI2022). Title Does Open Access Really Increase Impact? A Large-Scale Randomized Analysis ...

Journal Article: "The Role of Data in an Emerging Research Community: Environmental Health Research as an Exemplar"

The following article was recently published by the International Journal of Data Curation (IJDC). Title The Role of Data in an Emerging Research Community: Environmental Health Research as an Exemplar ...

New Research Tool: Retraction Watch Introduces the "Hijacked Journal Checker"

From a Retraction Watch Blog Post: Hijacked journals mimic legitimate journals by adopting their titles, ISSNs, and other metadata. Usually, hijacked journals mirror legitimate journals without permission from the original ...

Video Recording: Confederation of Open Access Repositories (COAR) Notify Project (Overview, Use Cases, and Future Plans)

The video linked here and embedded below at the COAR Annual Meeting on May 17, 2022. Video Description The Notify Project was launched in January 2021 with the aim of ...

Research Article: "One-Year in: COVID-19 Research at the International Level in CORD-19 Data"

The article linked below was recently published by PLOS One Title One-Year in: COVID-19 Research at the International Level in CORD-19 Data Authors Caroline S. Wagner The Ohio State University ...

National Archives Awards $4.8 Million in Grants for Historical Records Projects

From the National Archives and Records Administration (NARA): Acting Archivist of the United States Debra Steidel Wall has awarded 37 grants totaling $4,805,764 for projects in 19 states and Puerto ...

A New Paper by Jonathan Band: "Justice Breyer, Copyright, and Libraries"

From the Association of Research Libraries (ARL): On the occasion of Associate Justice Stephen Breyer retiring at the end of this US Supreme Court term, Jonathan Band, who represents and ...

New Free Ebook From the Digital Public Library of America (DPLA): "The Covid Archive: A Finding Aid to...

From DPLA: Digital Public Library of America (DPLA) is pleased to announce the publication of a free ebook, The Covid Archive: A finding aid to government documents related to the ...

ADVERTISEMENT

FOLLOW INFODOCKET ON TWITTER

Tweets by @infodocket

ADVERTISEMENT

This coverage is free for all visitors. Your support makes this possible.

This coverage is free for all visitors. Your support makes this possible.

Primary Sidebar

  • News
  • Reviews+
  • Technology
  • Programs+
  • Design
  • Leadership
  • People
  • COVID-19
  • Advocacy
  • Opinion
  • INFOdocket
  • Job Zone

Reviews+

  • Booklists
  • Prepub Alert
  • Book Pulse
  • Media
  • Readers' Advisory
  • Self-Published Books
  • Review Submissions
  • Review for LJ

Awards

  • Library of the Year
  • Librarian of the Year
  • Movers & Shakers 2022
  • Paralibrarian of the Year
  • Best Small Library
  • Marketer of the Year
  • All Awards Guidelines
  • Community Impact Prize

Resources

  • LJ Index/Star Libraries
  • Research
  • White Papers / Case Studies

Events & PD

  • Online Courses
  • In-Person Events
  • Virtual Events
  • Webcasts
  • About Us
  • Contact Us
  • Advertise
  • Subscribe
  • Media Inquiries
  • Newsletter Sign Up
  • Submit Features/News
  • Data Privacy
  • Terms of Use
  • Terms of Sale
  • FAQs
  • Careers at MSI


© 2022 Library Journal. All rights reserved.


© 2022 Library Journal. All rights reserved.