Posted by Mark J. Miller on February 7, 2012 03:51 PM
Most retailers are trying to find a way to get more consumers to go online. The reasons are simple: less overhead, fewer employees with health insurance, and a much higher profit margin.
But Amazon isn’t like other retailers. The word on the street in its home base of Seattle is that Amazon is thinking about opening its first-ever brick-and-mortar location, according to the Good E-Reader blog. “Amazon sources close to the situation” tell the site that the company is aiming to open the store in the next few months.
“This project is a test to gauge the market and see if a chain of stores would be profitable,” Good E-Reader reports. “They intend on going with the small boutique route with the main emphasis on books from their growing line of Amazon Exclusives and selling their e-readers and tablets.” At least they'll have a well-honed delivery system.Continue reading...
Posted by Dale Buss on February 1, 2012 09:02 AM
Amazon sees its big spending hurting its profits as Barnes & Noble escalates rift by blocking titles.
Chrysler kicks off monthly auto-sales reports with huge January and posts first annual profit since emerging from bankruptcy.
Darden is sued by restaurant workers' group.
Denny's targets fast-growing Hispanic clientele.
Deutsche Borse and NYSE can't merge, European Commission rules.
Disney takes controlling interest in large media conglomerate in India.
Exxon plans to push on with gas exploration through expected lower prices.
Facebook picks Morgan Stanley to lead IPOContinue reading...
Posted by Shirley Brady on January 30, 2012 08:50 AM
Facebook appears ready to go public with $10 billion IPO in early February, despite ire at leak.
Exxon Mobil sells Japanese subsidiary for $4 billion in move to cut refining.
News Corp. reportedly woos Bloomberg exec as Twitter-happy Murdoch sees weekend arrests at The Sun tabloid.
ABB buys Thomas & Betts for $4 billion.
Angry Birds boss doesn't fear piracy.
Apple aims to sell 40 million iPhones in China next year.
Altria sees tobacco users embrace discount brands.
Bank of America shakes up investment banking division.
Barnes & Noble takes on Amazon with fifth Nook device.
Beyonce sees university class focus on her.Continue reading...
Posted by Shirley Brady on January 5, 2012 06:01 PM
Google TV adds LG to the fold with Samsung, Sony and Vizio ahead of CES, and 2012 global rollout.
Louis Vuitton finally expands brand into perfume.
Apple pays $5M to settle patent lawsuit.
Barnes & Noble eyes Nook spin-off with eye to global markets.
BMW brings MINI to India.
Deloitte finds 9M U.S. cable homes have cut the cord.
Discovery urges investors to be patient with Oprah Winfrey's network.Continue reading...
Posted by Dale Buss on December 2, 2011 09:04 AM
American Airlines parent AMR bankruptcy could foist huge losses on key creditors.
Apple co-founder Steve Jobs honored with exhibition highlighting his patents and trademarks.
AT&T blasts federal critique of T-Mobile deal, as AT&T, Sprint and T-Mobile deal with Carrier IQ privacy concerns.
Barnes & Noble continues to struggle financially with digital transition.
Chili's drives menu changes and sales with retrofit.
Disney raises dividend to highest level in 20 years.
Fiat closes plant as European demand falls.
GM offers to buy back Volt from owners.Continue reading...
Posted by Barry Silverstein on November 21, 2011 02:11 PM
Here's one of those little stories that could easily float by, but which says a lot about the times we live in. Retail bookstores are becoming scarce, scarcer still since the February Borders bankruptcy. Call it the Amazon effect. More broadly, it's indicative of the transition to online shopping and e-Books, as the Kindle vs. Nook battle this holiday selling season demonstrates. The American Booksellers Association says its membership of independent bookstores has dropped to 1,900 this year, from 2,400 in 2002.
It's little comfort to downtown book browsers that Barnes & Noble, the largest retail chain, opens megastores in malls that draw customers away from the smaller indies. That's what was happening in Nashville, Tennessee. While there are two Barnes & Noble stores outside the city and another that seconds as Vanderbilt University's college bookstore, a downtown bookstore closed last December along with a branch of Borders. As Adam Ross, a Nashville novelist, commented to the New York Times, "It was a civic tragedy. The Nashville literary community went into a sort of Code Red situation." Community efforts to open a new bookstore —even the idea of a co-op was considered — fell apart.
That's when Ann Patchett came to the rescue. In a role reversal where the novelist becomes the hero of the story, the best-selling author, who grew up and owns a home in Nashville, put $300,000 of her own money into funding her own indie bookstore, Parnassus Books, which held its official opening on Saturday.Continue reading...
Posted by Dale Buss on November 9, 2011 08:55 AM
AOL, Microsoft and Yahoo forge advertising partnership.
Activision and Electronic Arts let bullets fly in video-game holiday-sales war.
Anheuser-Busch gets label approval for higher-alcohol version of Bud Light.
Barnes & Noble has sought U.S. antitrust probe of Microsoft over e-readers.
Facebook sees recommendations on advertisers' use of "like" by Better Business Bureau.
General Motors reports strong but lower profits.
HSBC raises U.S. bad-loan provisions.
Landry's acquires McCormick & Schmick's Seafood Restaurants. Continue reading...
Posted by Shirley Brady on November 7, 2011 06:21 PM
If you've noticed that Barnes & Noble has been clearing away books to make room for the NOOK, get ready for more redecorating on the selling floor as the bookseller takes aim on Amazon's $199 Kindle Fire this holiday season with its just-revealed NOOK Tablet.
Also, of course, looking to nibble at the iPad's market share, NOOK Tablet is described by B&N as "Our fastest, lightest tablet with the best in HD entertainment & more!" (including more than 2.5 million books, magazines, newspapers and other titles), the NOOK Tablet is selling for slightly more, at $249.
"With the Nook Tablet we are delivering the best media device ever created in a portable form factor," said Barnes & Noble CEO William Lynch at a launch event in New York today.Continue reading...