Looking Past The Obvious To See Why History Will Rhyme: Barnes & Noble Edition
Laughing Water Capital • 15 Comments
Laughing Water Capital • 15 Comments
Thu, Jul. 14, 8:34 AM
- Barnes & Noble (NYSE:BKS) announces it has entered into an exclusive print partnership with Adaptive Studios.
- Adaptive is a content creator and publisher that acquires intellectual property such as unproduced screenplay ideas and scripts, and repurposes it across a range of traditional and digital entertainment platforms including books, film and TV properties, and digital series.
- Through this exclusive partnership, B&N is the only retailer to offer a leading selection of titles online and in stores from from Adaptive Books.
- “We believe that Adaptive Studios offers one of the most innovative and exciting publishing programs we have come across,” said Mary Amicucci, Chief Merchandising Officer, Barnes & Noble.
- Barnes & Noble is offering two exclusive Adaptive Books teen titles starting this month, Air by Ryan Gattis and The Silence of Six (paperback) by E.C. Myers.
- Source: Press Release
Tue, Jul. 12, 9:03 AM
- Barnes & Noble (NYSE:BKS) is showing its pop-up flair with a promotion tied to the Pokémon phenomenon just days after it launched.
- The company is printing a special bonus code on customer receipts of the purchase of Pokémon trading card products that will unlock two "rare" online Pokémon.
- Other retailers are also trying to attract Pokémon game players by using "lures" in the game to entice traffic or by gaming the system by creating user-submitted PokeStops and Pokémon Gyms. For a very low cost (see Pokemon math explained here), restaurants or other stores can purchase the Pokemon GO Lure Module which in the early stage of the game's roll-out has proven to increase traffic.
- The clock is ticking on McDonald's (NYSE:MCD) (which has done Pokémon promotions in the past) and the other large chains to jump into the game before the initial frenzy of action on the streets wears off..
- Add it all up and it's nothing but good news for Nintendo (OTCPK:NTDOY) in the short term. Nintendo ADRs are up 56% since the launch.
- Related ETF: BITE.
Tue, Jul. 5, 10:50 AM
- Amazon (AMZN -0.4%) will open a bookstore in Manhattan, according to a report from New York Post.
- Sources say that Amazon Books will open in the large Hudson Yards retail space in late 2018 or early 2019.
- So far, Amazon only has a physical bookstore open in Seattle and a second space planned in San Diego, although transcript watchers will remember the dramatic statement by General Growth Properties CEO Sandeep Mathrani about the "hundreds" of Amazon bookstores on the way (Q4 earnings call transcript).
- Barnes & Noble (BKS -1%) has a significant New York presence and will watch the Amazon B&M developments closely.
Thu, Jun. 23, 3:18 PM
- Barnes & Noble (BKS +8.1%) pushes more than 8% higher despite posting a large FQ4 loss, as it also offered a positive outlook for FY 2017.
- BKS says it forecasts FY 2017 comparable bookstore sales to range from roughly flat to a ~1% increase, more than some analysts had expected, after declining 0.8% for the quarter and coming in flat for the full year; also, BKS sees full-year EBITDA at a slightly better than expected $200M-$250M.
- BKS also plans to open four new concept stores later this year, with the first opening this October in Eastchester, N.Y., and names COO Jaime Carey as new president of the development and restaurant group; during today's earnings conference call, BKS said the concept stores will feature cafes offering wine and beer in spaces that will be double the size of its typical cafes.
- However, Gabelli analyst John Tinker considers FQ4 a disappointment, with the results making it even more important that the new concept stores perform well.
Wed, Jun. 22, 5:36 PM
Wed, Jun. 22, 4:35 PM
Tue, Jun. 21, 5:35 PM
Wed, Jun. 8, 4:01 PM
Mon, May 16, 10:15 AM
- The bouncy trading on Barnes & Noble (NYSE:BKS) continues today with shares firing off a 4.2% gain right at the open. Market watchers are pointing to some elevated call buying today on the retailer.
- Last week, shares of B&N were under pressure amid a large sell-off in chain store stocks.
- Now read Apparel, Books, And Cars Are The ABCs Of Consumer Cyclical Dogs In May
Wed, Apr. 27, 9:04 AM| Wed, Apr. 27, 9:04 AM
Wed, Apr. 27, 4:56 AM
- Barnes & Noble (NYSE:BKS) Executive Chairman Leonard Riggio plans to leave his position after the company's annual meeting in September, although he'll remain on the board.
- "I'm done with being top banana," Riggio tells the WSJ, although he has no plans to sell any of his 17.5% stake.
- Riggio, who was CEO until 2002, built Barnes & Noble into the U.S.'s largest bookstore chain, but the company has struggled to cope with the changes to the book industry wrought by the Internet and the growth of Amazon.
Wed, Apr. 13, 11:48 AM
- The retail sector is outperforming the broad market, despite a read on March retail sales that came in short of expectations.
- The S&P Retail ETF (NYSEARCA:XRT) is up 2.06% on the day.
- The retail stocks making the sharpest moves includes an oddball list of beat-up names and specialty firms such as Barnes & Noble (BKS +5.1%), Conn's (CONN +11.5%), Tailored Brands (TLRD +9.5%), Duluth Holdings (DLTH +5.9%), Sears Holdings (SHLD +6.8%), Pier 1 Imports (PIR +4.6%), and GameStop (GME +4.8%).
- Previously: Retail sales dive: Mall malaise again, building materials strong (April 13)
- Previously: March retail sales miss estimates, prior months revised higher (April 13)
Fri, Apr. 8, 9:02 AM
- Barnes & Noble (NYSE:BKS) announces a new partnership wtih Bahwan CyberTek to help manage some its Nook technology needs.
- The company will close offices in Santa Clara and Taiwan with the decision to outsource some cloud management duties to Bahwan.
- B&N expects to realize $13M in annual cost savings from the outsourcing play.
- The retailer has traded in a narrow range around $12 over the last month.
- Now read Barnes & Noble Education: A Step In The Right Direction
Wed, Mar. 16, 12:34 PM
Fri, Mar. 4, 10:36 AM
- Barnes & Noble (BKS +5.8%) isn't pulling the plug on Nook, despite a quarter where digital sales fell 23% Y/Y in FQ3 (what other retailer is comping that negative with e-commerce?).
- "We are actively engaged in exploring a number of alternatives to materially reduce NOOK's expense structure, " said B&N Ronald Boire CEO on the earnings conference call (transcript).
- Shares of Barnes & Noble are now up 23% for the week. Strong contributions from product categories such as vinyl records and toys is giving investors some reason to think that the retail bookstore chain can stay relevant.
Thu, Mar. 3, 8:55 AM
- Barnes & Noble (NYSE:BKS) reports retail core comparable-store sales rose 1.3% in FQ3.
- Retails sales declined 1.2% to $1.38B due to lower online sales and store closures.
- NOOK sales dropped 33.3% to $51.74M primarily due to lower device and content sales.
- Gross margin rate decreased 30 bps to 34.8%.
- SG&A expense rate squeezed 80 bps to 22.8%.
- Operating margin rate grew 40 bps to 9.5%.
- FY2016 Guidance: Comparable-store sales: ~flat; Core comparable-store sales: ~+1%; NOOK EBITDA losses: decline Y/Y.
- BKS -1.08% premarket.
Barnes & Noble, Inc. provides easy and convenient access to books, magazines, newspapers and other content across its multi-channel distribution platform. The company operates through three operating segments: B&N Retail, B&N College and NOOK. The B&N Retail segment includes the eCommerce... More
Industry: Specialty Retail, Other
Country: United States
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