Looking Past The Obvious To See Why History Will Rhyme: Barnes & Noble Edition
12 Quarters • 15 Comments
12 Quarters • 15 Comments
Thu, Mar. 3, 8:34 AM
Wed, Mar. 2, 5:30 PM
Mon, Feb. 29, 10:32 AM
- Barnes & Noble (BKS +4.1%) moves higher with earnings due out on Wednesday.
- Analysts expect the company to report revenue of $1.426B and EPS of $1.03.
- Beyond the numbers, B&N investors are looking for more insight from management on the new store prototype and plans for Nook.
- Analysis: SA contributor Nelson Barragan has an EBITDA model on the retailer that indicates shares are undervalued.
Thu, Feb. 4, 10:37 AM
- Barnes & Noble (NYSE:BKS) is up 14% to recover nicely from the Amazon bookstore development earlier this week that threw a death scare into investors.
- It's unclear what Amazon's plans are on the brick-and-mortar front which puts B&N back in the same position it was in to begin the week.
- College bookstore player Barnes & Noble Education (BNED +5.8%) is also solidly higher.
- Previously: General Growth CEO walks back Amazon comment (updated) (Feb. 03 2016)
Wed, Feb. 3, 4:08 PM
- General Growth Properties (NYSE:GGP) CEO Sandeep Mathrani caused a bit of a storm when, during his company's earnings call yesterday, he said Amazon (NASDAQ:AMZN) plans to open 300-400 physical book stores nationwide.
- In a statement put out after the close today, Mathrani says his words were not intended to represent Amazon's plans.
- Barnes & Noble (NYSE:BKS) was lower by 9.4% today.
- Update (5:40PM ET): Re/code reports Amazon plans to open new retail stores (both bookstores and other types of stores). However, it adds "there are no immediate plans for a rollout of 300 to 400 stores."
Wed, Feb. 3, 10:43 AM
- Barnes & Noble (NYSE:BKS) is down 9.9% to a new 52-week low of $7.29 after reports broke last night on Amazon opening up some bookstores.
- Shares are down low enough that Jeff Bezos could buy the company and its 650 stores for $589M before applying a premium.
- In a somewhat curious move, Barnes & Noble Education (NYSE:BNED) is down 7.7%, even though Amazon isn't expected to open stores on college campuses where BNED sets up shop.
- Books-A-Million (NASDAQ:BAMM) is now private, but would be another option for the Seattle bookstore-slayer.
- Previously: Report: Amazon plans hundreds of physical book stores (Feb. 02 2016)
- Previously: Report: Bookstore-killer Amazon to open bookstores (Feb. 02 2016)
- Previously: More on Amazon bookstore plans (Feb. 02 2016)
Tue, Feb. 2, 5:27 PM
- Speaking on his company's post-earnings conference call today (transcript), General Growth Properties (NYSE:GGP) CEO Sandeep Mathrani said his understanding is Amazon's (NASDAQ:AMZN) goal is to open 300-400 stores across the country.
- Putting that number in perspective, Barnes & Noble (NYSE:BKS) has 640 stores, and Books-a-Million 255 (NASDAQ:BAMM). It's not immediately clear where Mathrani got his Amazon number, but it wouldn't be a stretch to think he's had talks with Amazon's real estate people.
- Amazon opened a physical bookstore in Seattle in November, and it sells company devices along with books.
- Source: WSJ's Greg Bensinger
- BKS and BAMM are down marginally after hours
- Previously: Report: Amazon plans hundreds of physical book stores (Feb. 2)
Tue, Feb. 2, 4:18 PM
Thu, Jan. 21, 11:36 AM
Thu, Jan. 14, 1:19 PM
- Best Buy (BBY -9.2%) fell to a 52-week low after the company's report on holiday sales failed to please investors.
- The retailer's weak performance in key categories seems to have added another layer of anxiety to trading around GameStop (GME -5.6%) which is also at a 52-week low.
- Hhgress (HGG) dropped below the $2 mark to set a 52-week low.
- Brick-and-mortar mainstay Barnes & Noble (BKS +1.6%) etched out a new 52-week low this morning before recovering.
- Previously: Best Buy lower after holiday numbers underwhelm (Jan. 14 2016)
Thu, Jan. 7, 9:01 AM
- Barnes & Noble (NYSE:BKS) reports core comparable-store sales (ex-Nook) increased 1.6% during the holiday period.
- Total retail sales were down 0.8% Y/Y to $1.1B as a lower store count and decreased level of online sales factored in.
- Nook sales were down 26% to $41.2M, almost evenly spit between device and content sales.
- The company backs its previous guidance for a FY16 core comparable sales gain of about 1%.
Mon, Jan. 4, 3:28 PM
- Barnes & Noble (BKS +4.9%) will need to close around 20 stores this year in order to stay on track to reduce its store count to 450 by 2022, according to some extrapolation by Goodereader.com.
- The company said during its FQ2 earnings call that it expects to close 10 stores in 2016.
- B&N earnings call transcript
Mon, Jan. 4, 10:01 AM
Dec. 28, 2015, 10:46 AM
- Barnes & Noble (NYSE:BKS) is down 5.8% as confidence in a turnaround continues to weaken.
- The strategy at B&N to dedicate more floor space to toys, DVDs, and other accessories hasn't led to a meaningful jump in same-store sales in recent quarters.
- There's been more calls to really shake things up at B&N. 24/7's Douglas McIntyre says tongue-in-cheek (or perhaps not) that selling hamburgers may be the way out.
Dec. 16, 2015, 3:58 PM
- Barnes & Noble (NYSE:BKS) hires William Wood to be the company's new CIO to replace the retiring Chris Troia.
- Wood's responsibilities will include the struggling Nook business and overseeing a new website.
- New CEO Ronald Boire has fired off a number of personnel moves at the retailer since taking the top job roughly six months ago.
Dec. 14, 2015, 8:43 AM
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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