Barnes & Noble Inc

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  • Apr. 2, 2014, 5:38 PM
    • Top gainers, as of 5:15 p.m.: IYH +5.0%. ACN +4.7%. EEFT +3.4%. EJ +3.2%. PXLW +3.1%.
    • Top losers, as of 5:15 p.m.: CACI -8.5%. KWK -7.5%. NEWM -7.0%. AXE -3.5%. BKS -3.2%.
    | Apr. 2, 2014, 5:38 PM | 5 Comments
  • Mar. 13, 2014, 9:23 AM
    • Barnes & Noble (BKS) discloses in a SEC filing that it entered an expanded agreement with Microsoft.
    • The companies have agreed to co-brand within the Microsoft Consumer Reader for content delivered by Nook Media.
    • Nook Media can stop its efforts to create a Window phone app due to the development.
    • SEC Form 8-K
    • BKS +1.0% premarket
    | Mar. 13, 2014, 9:23 AM
  • Feb. 26, 2014, 1:44 PM
    • Barnes & Noble (BKS +4.1%) CEO Husney says the company held about 20% of the e-book market, down from two years ago when it was in the 25%-27% range.
    • Same-store sales at the company's retail stores were down 0.5% in FQ3 - fairly level with other retail chains for the period. A bright spot was the 12% increase in comp sales for educational toys and games in the quarter.
    • On the topic of a bid by G Asset Management, Huseby was downright dismissive. G Asset has "extremely limited" financial means and no equity financing to support its proposal, says the exec.
    • Huseby also dissected the job cuts at the Nook business. 190 positions, or 26% of the work force, were slashed through attrition and layoffs.<.li>
    • Earnings call transcript
    | Feb. 26, 2014, 1:44 PM
  • Feb. 26, 2014, 8:32 AM
    • Barnes & Noble Inc (BKS): FQ3 EPS of $0.86 beats by $0.28.
    • Revenue of $2B (-9.1% Y/Y) misses by $40M.
    | Feb. 26, 2014, 8:32 AM
  • Feb. 26, 2014, 12:05 AM
  • Feb. 25, 2014, 5:30 PM
  • Feb. 21, 2014, 5:04 PM
    • There's plenty of skepticism G Asset Management has the resources to make good on its latest Barnes & Noble (BKS) acquisition offer. One major reason: A 2012 Form D filing indicating the firm raised only $1.75M in an offering.
    • David Faber: "[G Asset] runs very little money and I mean very little. Not sure if he lives at home with his parents, but you get the idea."
    • B&N closed at $17.69, nearly 20% below G Asset's offer price.
    | Feb. 21, 2014, 5:04 PM | 1 Comment
  • Feb. 21, 2014, 1:43 PM
    • G Asset Management has offered to buy a 51% stake in Barnes & Noble (BKS +7%) at a $22/share valuation, or (alternatively) a 51% stake in the Nook division at a $5/share valuation. B&N shares have jumped to the $18 range in response.
    • The money manager adds its offer is subject to due diligence and "the obtaining of necessary financing," as well as access to B&N's credit facility and balance sheet cash. It thinks "substantial shareholder value" would be created if the Nook segment was separated from B&N's profitable units.
    • Two years ago, G Asset offered to buy B&N's college bookstore business for $460M.
    | Feb. 21, 2014, 1:43 PM
  • Feb. 10, 2014, 3:55 PM
    • Shares of Barnes & Noble (BKS +9.2%) rose today after the company removed jobs related to the Nook business.
    • The amount of jobs removed at the company varies in different reports.
    • Without being real specific, B&N said it's "rationalizing" the Nook business.
    | Feb. 10, 2014, 3:55 PM
  • Jan. 9, 2014, 9:42 AM
    • New Barnes & Noble (BKS +2.7%) CEO Michael Huseby gives an early peek at his thinking on what the company should do with Nook in an interview with the WSJ.
    • The exec says the company is "dedicated" to providing consumers the digital devices, but notes the company will look to leverage costs with an outside partnership. That last part could mean that B&N is open to letting a consumer electronics manufacturer build the devices for the company.
    • Husbey says the ultimate goal is to "de-risk" the business plan.
    • Previous: BKS holiday sales.
    | Jan. 9, 2014, 9:42 AM | 1 Comment
  • Jan. 9, 2014, 9:15 AM
    • Barnes & Noble (BKS) reports its holiday sales fell 6.6% to $1.1B as store closures took a toll.
    • Comparable store sales fell 5.5%, a mark which improves to -0.2% if Nook is backed out.
    • Amid a sluggish retail season, the revenue kicked up by the company's bookstores was decent.
    • Digital content sales dropped 27% Y/Y during the period with the company lacking new device introductions.
    • BKS +1.4% premarket
    | Jan. 9, 2014, 9:15 AM
  • Jan. 8, 2014, 9:06 AM
    • Barnes & Noble (BKS) names Michael Huseby to be its new CEO.
    • The exec has served at the company in the role of CFO and President.
    | Jan. 8, 2014, 9:06 AM
  • Dec. 16, 2013, 7:09 AM
    • Barnes & Noble (BKS) faces a tough challenge at its bookstores this holiday season due to the late Thanksgiving and an absence of any blockbuster titles.
    • Last year, book sellers received a healthy boost from the popularity of the Fifty Shades of Grey and Hunger Games series.
    • The good news for Barnes & Noble is that some analysts think the formidable impact of Amazon and digital sales on physical bookstores has hit a saturation point with consumers to put the book industry closer to a state of equilibrium.
    | Dec. 16, 2013, 7:09 AM
  • Dec. 13, 2013, 10:19 AM
    • Nobody knows toys like Lego which means anxiety emanating from the Denmark-based company might be cause for concern amongst retailers.
    • Though consumers have stepped up spending on automobiles, housing, and electronics - the early reads on holiday spending have been poor.
    • Lego CFO John Goodwin says this year is the "greatest stress test" the company has seen as it banks on the theory that consumers will shop late and shop often this holiday season.
    • He adds it's difficult to ascertain why consumers are holding off so much this year.
    • Retailers carving out a decent amount of space for Lego include Kmart (SHLD), Target (TGT), Wal-Mart (WMT), and Barnes & Noble (BKS).
    | Dec. 13, 2013, 10:19 AM | 2 Comments
  • Dec. 12, 2013, 3:22 PM
    • The unexplainable toy juggernaut that is known as Elf on the Shelf is showing massive sales gains again at retail outlets as the little red-adorned feller becomes even more entrenched as a holiday season tradition for households with children.
    • A self-financed book by a mother and daughter team in 2005 has evolved to a retail winner with more products and tie-ins being developed. One online British retailer reports sales gain of 900% for Elf on the Shelf products this year.
    • Target (TGT), Pottery Barn (WSM), and Barnes & Noble (BKS) get a piece of that action as preferred retailers with expanded kiosks.
    | Dec. 12, 2013, 3:22 PM
  • Dec. 10, 2013, 5:42 PM
    • After-hours Top Gainers, as of 5:15 p.m.: VIMC +22.2%. SNI +12.9%. NRF +9.8%. SWHC +6.4%. BKS +5.1%.
    • After-hours Top Losers, as of 5.15 p.m.: AVNR -14.9%. MNKD -8.2%. LH -7.1%. AWAY -4.7%. NOG -3.9%.
    | Dec. 10, 2013, 5:42 PM
Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.